IDEV holds highs as ADX cools
IDEV edges up 0.1%, holding near the highs as the ADX signals a fading trend
IDEV holds highs as ADX cools
Our view last week
iShares Core MSCI EAFE ETF is in week 12 of a buy signal, and the position still open is running at +1.96% since entry. All 3 targets of our most advanced model have already been hit: coverage is complete, and the stop has been moved to breakeven on entry, in the 87.8 area, zeroing out the remaining risk. The ETF ranks 86th among the 125 US stock buys currently open.
This week's summary
After June's double bottom in the 87 area, with a 4% intermediate rebound, IDEV has climbed back within reach of its all-time highs, grazed several times in recent sessions. This week's technical analysis shows a tight picture: buyers still control volume (67%), but the ADX keeps sliding and the trend is losing conviction. The open position is running at +2.03% since entry.
IQS Phase
55
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#92 / 129
US stocks in progress
Trade P&L %
+2.03%
from signal to today
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