Japan ETF, signal confirmed
BBJP holds its buy signal but strength stays low
Our view last week
The sell signal that had been fading on BBJP for weeks has closed out, and this week a fresh buy signal opens on BBJP, the Japan ETF. Price is hugging the recent highs, with the weekly MACD just back above its Signal line, but two rejection candles of opposite sign leave the week with some caution. Signal strength stays low, 28 out of 100: technical analysis calls for care, and our model flags opening right now as high risk.
This week's summary
The buy signal on BBJP, the ETF tracking the Japanese equity market, has cleared its first confirmation week. Price is still hugging recent highs, above the 50-week moving average, but the week closed lower and signal strength stays low. The technical picture isn't convincing yet: we prefer a cautious profile, with minimum sizing and close attention to the stop.
IQS Phase
61
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#145 / 167
US stocks in progress
Trade P&L %
-2.93%
from signal to date, no stop loss
Rank position
ranks 145th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
BBJP belongs to the etf broad sector (reference ETF ).
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