Confirmation week
European tech ETF sheds 1.9% in the buy signal's confirmation week
Our view last week
The picture flips: after weeks of a sell signal running on fumes, EXV3 now opens a fresh buy signal. The European tech sector ETF closes the week at +0.8%, with an indecisive candle and contracting volumes: a cautious start. In our technical analysis the price is hugging its highs, already tested four times, and it's worth waiting for a pullback before stepping in. In the ranking, EXV3 sits 2nd among the three fresh European buy signals this week.
This week's summary
The European tech sector closes its confirmation week down 1.9%, with volumes contracting and the weekly MACD just slipping below its Signal line. Last week the signal fired with a cautious start near the highs; this week's confirmation comes in weak, with sellers slightly prevalent in the latest bar and the distribution phase more pronounced.
IQS Phase
51
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#66 / 70
EU-UK stocks in progress
Trade P&L %
-1.88%
from signal to date, no stop loss
Rank position
ranks 66th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV3 belongs to the etf settoriale sector (reference ETF ).
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