Sell signal fading out on European tech sector
EXV3 (European tech ETF) jumps 6.3%: the sell signal loses its edge
Sell signal fading out on European tech sector
Our view last week
EXV3, the European technology sector ETF, closes the week nearly flat, down 0.2% after last week's rebound. In this EXV3 technical analysis, the Sell signal is in its 3rd week and strength drops further, to 2 out of 100: a decline with no fresh push, no longer making new lows but not restarting either. Price stays boxed into a tight corridor between a nearby support and resistance, with the weekly ADX declining. Trading not recommended per our model.
This week's summary
EXV3, the European technology sector ETF, gains 6.3% in a week and climbs back toward the Inversion Point: the Sell signal, now in its 4th week, has strength down to just 2 out of 100 — a decline all but over. The bounce leaves the trade at a 6.6% loss since the signal opened. Weekly technical analysis: trading not recommended per our model.
IQS Phase
35
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#29 / 42
EU-UK stocks sell signals
Trade P&L %
-6.60%
from signal to date, no stop loss
Rank position
ranks 29th among the 42 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV3 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content