MSCI EAFE ETF, trend on pause after 15 weeks in trade
IEFA closes flat (+0.1%) as the ADX marks a sixth straight weekly decline
MSCI EAFE ETF, trend on pause after 15 weeks in trade
Our view last week
IEFA, the iShares ETF tracking developed markets outside the US and Canada (MSCI EAFE), closed the week down 1% with sellers back in charge: money flow turned negative after three positive weeks, while the weekly ADX has slipped for a fifth straight week, a sign the trend is losing steam. Price remains boxed between its 50-day average and the daily pivot, just above the double bottom in the 95 area that sparked the rebound. A technical setup worth watching closely.
This week's summary
IEFA, the iShares ETF tracking developed markets outside the US and Canada, is slowing but holding ground: after last week's 1% drop, price closed essentially flat, with money flow back in positive territory though sellers still hold a slight edge in the tape. The weekly ADX has declined for a sixth straight week, a sign the push is fading. In this IEFA technical analysis, the trade remains in modest profit, +1.07% from entry.
IQS Phase
45
ordinary
Signal Strength
41
medium · weak
Sizing
REDUCED
Ranking
#81 / 124
US stocks in progress
Trade P&L %
+1.07%
from signal to today
Rank position
ranks 81st among the 124 Longs already running for US stocks in our ranking, with a signal strength of 41 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
IEFA belongs to the etf broad sector (reference ETF ).
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