International developed markets ETF
IDEV: up 1.7% this week as buyers retake control on the 20-day bounce
International developed markets ETF
Our view last week
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.
This week's summary
In the international developed markets ETF, buyers take back control this week: buying volume climbs to 73%, up from 34% two weeks ago, and price bounces off the daily 20-day moving average, in the 89 area, recovering 2% from the touch. Last week's double bottom in the 88 area held, and that support is still holding. Weekly RSI at 58.6 stays far from any extreme, and the ADX, flat at 12.1, says the trend still isn't accelerating. The open position is up 3.02%, with the stop already at breakeven.
IQS Phase
53
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#94 / 120
US stocks in progress
Trade P&L %
+3.02%
from signal to date, no stop loss
Rank position
ranks 94th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 35 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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