EXV2, 9th week of the Sell signal
EXV2 drops 1.3% as sellers retake control of the Sell signal
Our view last week
EXV2, the European telecom ETF, confirms last week's change of pace: buying volume climbs to 99% and money flow (CMF) turns positive again after weeks in the opposite direction. Price closes the week up 1.3% and stays wedged between the 100-day average and the 20-week average just above, and the 50-day average just below. The sell signal, active for 7 weeks, keeps losing conviction: the ADX keeps sliding.
This week's summary
EXV2, the European telecom ETF, drops 1.3% and sharply reverses last week's change of pace: sellers take back control of trading at 94%, and money flow turns negative again after a single week on the other side. In this week's technical analysis the sell signal, active for 8 weeks, still looks less convinced: the ADX has been falling for 11 straight weeks and the MACD histogram has been improving for 3.
IQS Phase
62
ordinary
Signal Strength
20
decline fading out
Sizing
MINIMUM
Ranking
#29 / 46
EU-UK stocks
Trade P&L %
+3.23%
from signal to date, no stop loss
Rank position
ranks 29th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 20 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 ).
restricted Platinum content