Sell signal in observation · week 3
IEFA drops 1.5% back under its 20-week average, but the new low fails to hold at the close
Our view last week
Buyers took back the upper hand in the week's volume and IEFA, the international developed markets ETF (MSCI EAFE), gained 0.5% after the sell signal that fired last week. Signal strength collapses from 41 to 7 out of 100: a decline losing steam. On the technical analysis side, the weekly MACD stays below its Signal line and price is squeezed between two very close levels. For swing trading, the quality band flags trading as not recommended.
This week's summary
IEFA, the international developed markets ETF (MSCI EAFE), loses 1.5% and slips back under its 20-week average, in the 97.9 area. During the week it printed a new 30-day low that the close did not confirm. A week ago the decline looked out of steam; now it has picked up its pace. On the technical analysis side the weekly MACD stays below its Signal line, but an ADX stuck at 12.7 says direction is still weak: for swing trading, the quality band flags trading as not recommended.
IQS Phase
72
in tension
Signal Strength
21
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#115 / 175
US stocks sell signals
Trade P&L %
+1.00%
from signal to date, no stop loss
IEFA Developed ex US weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 115th among the 175 sell signals for US stocks in our ranking, with a signal strength of 21 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