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iShares Health Care Europe: three observation weeks, no confirmation

Sell signal on iShares STOXX Europe 600 Health Care ETF in its 4th week, not confirmed by the market. Signal strength at 2 out of 100, trading not recommended per our model. We prefer to wait.

In Summary
Sell signal on iShares STOXX Europe 600 Health Care UCITS ETF (DE) in its 4th week, with three observation weeks closed sideways and no confirmation. Signal strength is at its lowest: 2 out of 100. Our model flags trading as not recommended, with an opening at elevated risk. We prefer to wait.
Sell signal in observation ·3rd week from start ·EU-UK stocks ·T2
IQS Phase
48
ordinary
Signal Strength
2
low · fading
Sizing
MINIMUM
Ranking
#49 / 57
EU-UK stocks sell signals
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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