EXV2: the decline holds, but loses steam
EXV2 climbs 1.1% but a firm rejection at resistance keeps the downtrend intact
EXV2: the decline holds, but loses steam
Our view last week
In EXV2's technical analysis, this European telecom sector ETF, the attempted rebound in the 27 area has faded: sellers regained firm control in an extreme way in the last session, and the week closes down 3%, with money flow back in negative territory. The decline, under management for several weeks, keeps its direction intact, though the trend loses a bit of conviction as the ADX eases.
This week's summary
EXV2, the European telecom ETF, saw its bounce stall hard: the week closed up 1.1%, but a whole cluster of resistance — the daily VWMA, the Bollinger midline, the 20-day and 200-day averages, all packed into the 27.4-27.6 area — rejected the price in the same session, with 80% of the week's volume on the sell side. The Sell signal, under management for 6 weeks, keeps the short up 6.1% — technical analysis that still points to decline, even as the ADX keeps fading.
IQS Phase
90
in tension / maturity
Signal Strength
39
decline losing steam
Sizing
REDUCED
Ranking
#13 / 47
EU-UK stocks
Trade P&L %
+6.12%
from signal to date, no stop loss
Rank position
ranks 13th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 39 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV2 belongs to the etf settoriale sector (reference ETF ).
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