US tech sector ETF - week 14 of the trade
QDVE bounces 2%: double bottom in the 41 area holds as buyers return
US tech sector ETF - week 14 of the trade
Our view last week
In this week's QDVE technical analysis, the iShares US technology sector ETF gave back 3.5%, with sellers back in control (71% of the week's volume) after a buyer-led close to June. Momentum has cooled for a third straight week, yet the daily chart holds a clean double bottom in the 41 area, with a 9% intermediate rebound. The buy signal, now in week 13, is still up almost 13%.
This week's summary
After last week's 3.5% pullback, QDVE bounces back 2%, with buyers back in the majority at 57% of weekly volume. On the daily chart the double bottom in the 41 area keeps holding, and today buying volume runs at 71%. The weekly picture stays cautious though: volumes remain thin and buyer dominance is fading. The trade is now in week 14, up more than 15%.
IQS Phase
62
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#23 / 59
EU-UK stocks in progress
Trade P&L %
+15.22%
from signal to today
Rank position
ranks 23rd among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFQDVE
Sector regime
Performanceweekly coming soon · monthly coming soon
QDVE belongs to the etf settoriale sector (reference ETF QDVE).
restricted Platinum content