SPEM, the decline stalls without conviction
SPEM closes flat (-0.1%) as the sell signal stalls in a tight range
SPEM, the decline stalls without conviction
Our view last week
SPEM, State Street's emerging-markets ETF, opens a fresh sell signal this week: the stock dropped 3.4%, wiping out last week's rebound. Price is now boxed between a resistance and a support sitting very close together, with the weekly ADX falling and the MACD still in negative territory. Signal strength climbs to 78 out of 100 and reads a decline that has just started, making lower lows.
This week's summary
SPEM, State Street's emerging-markets ETF, closes a nearly flat week (-0.1%) after last week's 3.4% drop: price stays boxed between a resistance in the 50.3 area and a support in the 50 area, with sellers back in charge on the last daily bar even as the double bottom in the 50 area holds. Signal strength drops to 34 out of 100 and reads a decline with no fresh push. In SPEM technical analysis terms, the picture stays one of waiting: second week of a sell signal, trading not recommended.
IQS Phase
65
in tension
Signal Strength
34
decline losing steam
Sizing
REDUCED
Ranking
#83 / 141
US stocks sell signals
Trade P&L %
+0.06%
from signal to today
Rank position
ranks 83rd among the 141 sell signals for US stocks in our ranking, with a signal strength of 34 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
SPEM belongs to the etf broad sector (reference ETF ).
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