EXV4: a 4.3% bounce challenges the Sell signal
EXV4 bounces 4.3% on a bullish engulfing candle, putting the Sell signal in question
Our view last week
After last week's 0.9% rebound, EXV4 is back on the back foot: down 2.9% this week, with sellers dominating the last candle and daily money flow slipping back into negative territory. The Sell signal on the European healthcare ETF has now reached week 4 without ever confirming: 3 observation weeks closed sideways. EXV4 still sits 2.8% above its 200-week average, and the technical picture hasn't found a clear direction yet.
This week's summary
In this week's technical analysis of EXV4, the picture shifts gear: a bullish engulfing candle closes with a 4.3% jump, all the volume on the buy side, after a week dominated by sellers. The Sell signal on the European healthcare ETF, now in its 5th week, still hasn't confirmed: the ADX has been falling for nine straight weeks and money flow has stayed positive for fifteen. The price is now boxed between two nearby levels, waiting for a direction.
IQS Phase
34
ordinary
Signal Strength
32
decline fading out
Sizing
REDUCED
Ranking
#20 / 46
EU-UK stocks
Trade P&L %
-1.57%
from signal to date, no stop loss
Rank position
ranks 20th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFEXV4
Sector regimein strong phase
Performanceweekly +4.34% · monthly +2.68%
EXV4 belongs to the etf settoriale sector (reference ETF EXV4). The sector is classified in strong phase according to our weekly reading.
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