European telecom ETF · new Sell signal
EXV2 slips 0.8%: a Sell signal fires, the new 30-week low unconfirmed at the close
Our view last week
A second losing week for EXV2, the European telecom ETF: it slips 1.7%, with buying below 25% of volume and sellers extremely dominant in the weekly bar. For swing trading readers, EXV2 technical analysis shows a buy signal still waiting for follow-through. Price closed below the first stop level (SL1) flagged in last week's card (27.07 area): for anyone following that level the trade is closed. The close and the Inversion Point, in the 27 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
This week's summary
This week EXV2, the European telecom ETF, printed a new 30-week low, in the 26 area, without confirming it at the close: the loss stops at 0.8%, a 3rd straight down week. A week ago the close and the Inversion Point had already crossed; now the Sell signal has fired. For swing trading readers, EXV2 technical analysis shows an orderly decline, with money flow negative for 7 weeks, and a trade setup our model rates as not recommended for new positions.
IQS Phase
61
ordinary
Signal Strength
58
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#16 / 89
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Telecoms Europe (EXV2) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 16th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 58 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV2 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content