IDEV, the trend loses conviction
IDEV nearly flat (+0.1%): the ADX keeps fading and the trend loses steam
IDEV, the trend loses conviction
Our view last week
IDEV technical analysis: after weeks with buyers in control, sellers retake the volume this week (66%) and price slips 0.8%, while the ADX keeps fading. IDEV is still within reach of its all-time highs, with the open position up 1.24% and the stop now at breakeven on entry.
This week's summary
IDEV technical analysis, the international developed markets ETF: the trend keeps losing conviction, with the weekly ADX down to 12.1 from 14.6 four weeks ago. Price still holds its ground, though, closing nearly flat this week (+0.1%) and boxed between resistance in the 89.1 area and support in the 88.9 area, while the daily chart still shows the double bottom formed in the 88 area. The open position stays up 1.31%, with the stop now at breakeven.
IQS Phase
51
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#90 / 124
US stocks in progress
Trade P&L %
+1.31%
from signal to today
Rank position
ranks 90th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
IDEV belongs to the etf broad sector (reference ETF ).
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