iShares Europe Healthcare: buy signal under watch
iShares Europe Healthcare slips 1.4%, yet the double bottom near 110 holds
iShares Europe Healthcare: buy signal under watch
Our view last week
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.
This week's summary
Seven days ago the double bottom near 108 sparked a 7% rebound, yet the week still closed down 3.6%. This week the same pattern repeats higher up, near 110: a smaller 3% rebound and a lighter 1.4% weekly loss. Buyers are still present — the daily money flow stays positive — but their push is fading and volumes are contracting. The setup quality indicator still climbs from 51 to 61 in a week, and the buy signal stays open, inside a Healthcare sector that keeps a positive technical regime.
IQS Phase
61
ordinary
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#31 / 61
EU-UK stocks in progress
Trade P&L %
-2.00%
from signal to today
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