EXV6: fresh buy signal, +5.2% this week
EXV6 climbs 5.2% and opens a fresh Buy signal on rising higher lows
EXV6: fresh buy signal, +5.2% this week
Our view last week
Our technical analysis of EXV6, the European basic resources ETF, shows a 1.7% bounce off the daily EMA20: a touch in the 77 area followed by a 4% rebound. Compared with last week the picture doesn't change direction: the Sell signal keeps losing conviction, with the ADX down to 25 and volumes contracting. The short, opened five weeks ago, is now running a small loss, at 1.3%.
This week's summary
EXV6, the iShares European basic resources ETF, closes the week up 5.2% with a run of four higher lows, from the 75 area up to 84. Seven days ago the signal was still a fading Sell signal; now it's a fresh Buy signal, but contracting volumes and an ongoing distribution phase call for a cautious entry, not for chasing the bounce.
IQS Phase
54
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#5 / 6
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 5th among the 6 fresh Longs for European-UK stocks in our ranking, with a signal strength of 47 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