US tech ETF · buy signal in week 7
QDVE gains 2.9% and prints a new all-time high on thinner volume
Our view last week
QDVE, the S&P 500 technology sector ETF, closed the week up 4.3%, putting the price within touching distance of its all-time high. A week ago the trend was losing conviction; now the weekly MACD crosses bullish and ADX stops falling after 5 weeks. QDVE technical analysis shows buyers in control for 5 weeks, on thinner volume: for swing trading, this is one of the weekly buy signals still running, up 5.2%, with 2 of the 3 targets of our most advanced model already hit.
This week's summary
QDVE, the S&P 500 technology sector ETF, gained 2.9% and set a new all-time high, confirmed by the weekly close. A week ago price was a step away from the record; now it has cleared it, with the weekly MACD above its Signal line and money flow positive for 8 weeks. QDVE technical analysis also flags a weekly RSI at 70 and contracting volume: for swing trading, among our weekly buy signals this one stands at +8.3%, to be managed without chasing.
IQS Phase
70
in tension
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#25 / 29
EU-UK stocks in progress
Trade P&L %
+8.28%
from signal to date, no stop loss
S&P 500 Technology (QDVE) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 25th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 32 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