US tech ETF: new Sell signal
FTEC dips 0.2% as a new Sell signal opens on the US tech sector ETF
US tech ETF: new Sell signal
Our view last week
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.
This week's summary
FTEC, the US technology sector ETF, opens a new Sell signal: technical analysis shows three lower highs on the daily chart, from the 282 area to the 278 area, and the weekly picture stays bearish with the MACD negative. Under the surface, buyers regained some ground - 53% of the latest session's volume - and money flow turned back positive: signals that still need confirming. The decline is making lower lows but is still young, an opening our model flags as high risk.
IQS Phase
53
ordinary
Signal Strength
17
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#57 / 138
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 57th among the 138 sell signals for US stocks in our ranking, with a signal strength of 17 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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