Russell 1000 ETF · sell signal, week 3
IWB slips 0.2% a step from its all-time high as the MACD histogram falls for a 7th week
Our view last week
IWB, the Russell 1000 US large-cap ETF, gains 1.3% and climbs back to the edge of its Inversion Point, a week after a new sell signal fired. Signal strength collapses from 33 to 2: a decline fading out, with buyers in the majority for 5 weeks. IWB technical analysis reads indecisive price action and contracting volume: as a swing trading setup it stays high-risk, and the signal's confirmation phase is still in progress.
This week's summary
IWB, the Russell 1000 US large-cap ETF, closed an almost flat week, down 0.2%, with an indecisive candle less than 2% below its all-time high. Versus a week ago the picture holds: signal strength stays at 2 out of 100, a decline fading out, while the ADX has been falling for 5 weeks and the MACD histogram for 7. IWB technical analysis reads directionless price action: as a swing trading setup the short side stays high-risk.
IQS Phase
74
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#162 / 175
US stocks sell signals
Trade P&L %
-1.01%
from signal to date, no stop loss
Russell 1000 (IWB) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 162nd among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
IWB belongs to the etf broad sector (reference ETF ).
restricted Platinum content