Fresh sell signal on the US tech sector
QDVE drops 3.2% as a fresh Sell signal opens on US tech
Fresh sell signal on the US tech sector
Our view last week
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%.
This week's summary
QDVE, the US technology sector ETF, closes the week down 3.2% on thinning volume: our technical analysis flags a fresh Sell signal, ranking 3rd among the 47 European-UK sell signals this week. The picture stays orderly - IQS at 61 - and the decline is starting out making lower lows. The quality band, though, flags trading as not recommended: better to wait for the confirmation week before moving.
IQS Phase
61
ordinary
Signal Strength
68
decline starting to make lower lows
Sizing
STANDARD
Ranking
#3 / 47
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 3rd among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 68 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