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iShares Core S&P 500 UCITS ETF: buy signal with limited strength

Fresh buy signal on the S&P 500 tracking ETF, but signal strength stands at just 29 out of 100 and the price is hugging historical highs. Those highs have been tested repeatedly: the desk favours waiting for a pullback before committing.

In Summary
Fresh buy signal on the iShares Core S&P 500 UCITS ETF: price has carved out a double bottom in the 11/12 area and is now pressing against historical highs. Signal strength is low at 29 out of 100 and already fading in the opening week. The fund sits at the bottom of the fresh Long EU-UK ranking: 4th out of 4.
Fresh BUY ·1st week from start ·EU-UK stocks ·T1
IQS Phase
44
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#4 / 4
New eu-uk stocks
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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