XLRE: open long, 20th week
XLRE slips 1.3% as sellers take back control of volume
Our view last week
XLRE closes the week slightly lower, with an indecisive candle and a small body. The number that matters most is the MACD: after 18 weeks above its Signal line, it slipped below this week, while the histogram has been fading for four weeks straight. Buyers still dominate the volume, but with less conviction than last week, and money flow, positive for 13 weeks running, is starting to cool.
This week's summary
XLRE, the US real estate sector ETF, closes the week down 1.3%, with sellers back in control of 91% of trading volume. This week's technical analysis flags the MACD dropping below its Signal line for a second straight week, the histogram fading for five, and RSI cooling from 56.7 to 52.1. The trade is 20 weeks into management, now up 3.88%, with the model's coverage complete.
IQS Phase
38
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#93 / 175
US stocks in progress
Trade P&L %
+3.88%
from signal to date, no stop loss
Rank position
ranks 93rd among the 175 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLRE
Sector regimeweak phase
Performanceweekly -1.33% · monthly -3.22%
XLRE belongs to the etf settoriale sector (reference ETF XLRE). The sector is classified weak phase according to our weekly reading.
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