European telecom ETF: sell signal under watch
EXV2 slips 2% as the sell signal fails to confirm after three weeks
European telecom ETF: sell signal under watch
Our view last week
The European telecoms sector ETF closes the week up 1.1%, yet on the daily chart the highs keep sliding — three tops in a row, each lower than the last, from the 29 area down to 28. The sell signal is in its 3rd week: signal strength drops to 41 out of 100, the mark of an isolated weekly drop, still unconfirmed. Opening a new position here stays high-risk under our model.
This week's summary
In EXV2's technical analysis, this European telecom sector ETF, the standout is a daily double bottom in the 27 area with a 6% intermediate rebound, quickly checked by sellers regaining firm control in the last session. The week still closes down 2%, and the sell signal hasn't confirmed over three observation weeks: the picture stays cautious, waiting for confirmation before any new trades.
IQS Phase
70
in tension
Signal Strength
40
decline starting to make lower lows
Sizing
REDUCED
Ranking
#14 / 53
EU-UK stocks sell signals
Trade P&L %
+4.24%
from signal to today
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