FTEC: sellers take over, MACD turns bearish
FTEC adds 0.1% as sellers seize control with 86% of volume
FTEC: sellers take over, MACD turns bearish
Our view last week
FTEC, the US technology sector ETF, gave back 4.2% this week: after last week's 3% bounce, with buyers holding 97% of volume, sellers are now in control at 68%. Momentum, which has been cooling for a month, has now tipped downward, and price is boxed between the 20-day average, in the 277 area, and the daily pivot, in the 269 area. The long trade keeps gaining, up 12.4% since entry.
This week's summary
FTEC, the US technology sector ETF, closed the week nearly flat, +0.1%, but under the surface the picture has changed: sellers took 86% of volume, the weekly MACD just crossed bearish, and money flow flipped negative. In our FTEC technical analysis, the momentum cooling that has been building for weeks now starts to look like a real turn. The long trade still holds a 12.6% gain since entry.
IQS Phase
46
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#56 / 124
US stocks in progress
Trade P&L %
+12.58%
from signal to today
Rank position
ranks 56th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
FTEC belongs to the etf settoriale sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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