EXV6 bounces 3.1%, but the trend loses steam
EXV6 recovers 3.1% off its double bottom, but momentum keeps deteriorating
EXV6 bounces 3.1%, but the trend loses steam
Our view last week
EXV6, the European basic resources ETF, closes the week down 2.4% after three observation weeks that ended sideways: the sell signal hadn't been confirmed, but the decline is back to making lower lows, with volume contracting and sellers slightly prevalent on the last bar. Our weekly technical analysis now ranks it 9th among the 53 European sell signals, up from 23rd last week.
This week's summary
Our EXV6 technical analysis this week shows a 3.1% rebound, led by buyers (89% of volume) and completed by a clean double bottom in the 75 area. The Sell signal on this European basic resources ETF stays in the balance: momentum keeps worsening and the ADX keeps falling, more a decline losing conviction than a real reversal. Price remains boxed between the 78.9 and 79.4 areas.
IQS Phase
66
in tension
Signal Strength
10
decline losing steam
Sizing
MINIMUM
Ranking
#35 / 56
EU-UK stocks
Trade P&L %
+0.38%
from signal to today
Rank position
ranks 35th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 10 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV6 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content