European Health Care: double bottom, tight range
iShares Health Care Europe slips 3.6%, price squeezed between support and resistance
European Health Care: double bottom, tight range
Our view last week
The iShares STOXX Europe 600 Health Care Xetra is in week 1 of a new buy signal, already +3.07% since opening. The setup quality indicator sits at 73 out of 100, in a maturity tension phase, but signal strength stays medium-weak at 49 out of 100. It ranks 34th among the 62 buys already running for European-UK stocks, with reduced sizing.
This week's summary
This week's price action on the iShares STOXX Europe 600 Health Care ETF shows a clean double bottom near 108, with a 7% intermediate rebound — yet the week still closed down 3.6%, and sellers dominated the last session. Setup quality, at 73 (maturity tension) last week, has eased back to 51: the buy signal stays open, signal strength unchanged at 49 out of 100.
IQS Phase
51
ordinary
Signal Strength
49
medium · weak
Sizing
REDUCED
Ranking
#33 / 60
EU-UK stocks in progress
Trade P&L %
-0.65%
from signal to today
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