European healthcare ETF · Sell signal, week 12
EXV4 climbs 1.9% back above its 200-week average, money flow still negative
Our view last week
After last week's stall, EXV4, the iShares European healthcare ETF, has broken lower: the week closes at -2.5% and price slips below its 200-week moving average, in the 108.8 area. Money flow weakens again, to its lowest reading in 4 weeks, and on the daily chart the run of higher lows has been broken. EXV4 technical analysis reads a sell signal still in place, with price action in distribution and the short at +6%: a swing trading setup to follow week by week.
This week's summary
A breakdown last week, a recovery this week: EXV4, the iShares European healthcare ETF, closes the week up 1.9% and climbs back above its 200-week moving average, in the 108.8 area. The bounce, though, was turned back at the 20-week average, in the 112 area, and money flow, while improving, is still negative. EXV4 technical analysis reads a sell signal still in place, with price action in distribution and the short at +4.3%: a swing trading setup to follow week by week.
IQS Phase
67
in tension
Signal Strength
36
decline losing steam
Sizing
REDUCED
Ranking
#31 / 93
EU-UK stocks
Trade P&L %
+4.29%
from signal to date, no stop loss
Health Care Europe (EXV4) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 31st among the 93 sell signals for European-UK stocks in our ranking, with a signal strength of 36 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFEXV4
Sector regimein positive regime
Performanceweekly +1.87% · monthly +1.14%
EXV4 belongs to the etf settoriale sector (reference ETF EXV4). The sector is classified in positive regime according to our weekly reading.
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