ETF technical analysis: developed markets outside the US and Canada
IEFA rebounds 2% and returns within a step of its highs, buyers at 78% of volume
ETF technical analysis: developed markets outside the US and Canada
Our view last week
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.
This week's summary
IEFA rebounds 2% off its daily 20-day moving average (97 area), with buyers dominating 78% of weekly volume and money flow back in positive territory after three red weeks. The weekly picture stays indecisive though, with two price-action warning signs and ADX still low: momentum isn't accelerating. Price is hugging its historical highs, a level already tested several times. The trade is up 3.07% from entry.
IQS Phase
53
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#95 / 120
US stocks in progress
Trade P&L %
+3.07%
from signal to date, no stop loss
Rank position
ranks 95th 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
IEFA belongs to the etf broad sector (reference ETF ).
restricted Platinum content