Developed markets ex-US ETF
SPDW gains 1.4% off a daily EMA20 bounce, but price stays glued to its range
Developed markets ex-US ETF
Our view last week
SPDW, the ETF tracking developed markets outside the US, closes the week flat (+0.0%) after a double bottom in the 49 area produced a 3% rebound: price stays boxed between support in the 49.2 area and resistance in the 49.5 area. SPDW's technical analysis shows last week's sell signal losing steam, strength down to 10 out of 100, with the confirmation week still open.
This week's summary
SPDW gains 1.4% for the week, lifted by a bounce off the daily EMA20 in the 49 area followed by a 3% rebound. The sell signal is losing steam: Strength has dropped to 2 out of 100, and the decline isn't printing new lows anymore. Price stays boxed between support and resistance, near contested all-time highs: our model keeps discouraging new positions here.
IQS Phase
64
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#132 / 138
US stocks sell signals
Trade P&L %
-1.38%
from signal to date, no stop loss
Rank position
ranks 132nd among the 138 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
SPDW belongs to the etf broad sector (reference ETF ).
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