Trade under management, European banking sector
EXV1 bounces 2.2% as the double bottom holds, European banks regain ground
Trade under management, European banking sector
Our view last week
Weekly technical analysis on the iShares STOXX Europe 600 Banks ETF, the basket tracking Europe's banking sector: the week closes down 2.8%, with sellers back in control of 70% of trading volume and the RSI slipping from 69.5 to 63.5. MACD is losing steam and the price action shows the first signs of fatigue. The residual capital of the trade, running for 14 weeks, still sits up 11.54%.
This week's summary
EXV1, the ETF tracking Europe's banking sector, bounces 2.2% after last week's pullback and confirms the double bottom in the 39 area, with buyers back in the driver's seat at 75% of trading volume. Weekly RSI climbs back above 65 and money flow strengthens. This EXV1 technical analysis reads it as the trend regaining ground, with the trade under management now up 13.99% since entry.
IQS Phase
58
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#21 / 59
EU-UK stocks in progress
Trade P&L %
+13.99%
from signal to today
Rank position
ranks 21st among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV1 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content