EXV2 · Sell signal, week 10
EXV2 holds nearly flat (-0.1%): the Sell signal loses steam in its 10th week
Our view last week
EXV2, the European telecom ETF, drops 1.3% and sharply reverses last week's change of pace: sellers take back control of trading at 94%, and money flow turns negative again after a single week on the other side. In this week's technical analysis the sell signal, active for 8 weeks, still looks less convinced: the ADX has been falling for 11 straight weeks and the MACD histogram has been improving for 3.
This week's summary
EXV2, the European telecom ETF, closes the week nearly flat (-0.1%) with trading rebalanced to a 50/50 split, after 94% seller dominance the prior week. In our technical analysis the Sell signal, now in its 10th week, keeps running but loses steam: the ADX has fallen for 12 weeks and the MACD histogram has improved for four. Our trading strategy stance stays cautious, with money flow negative but edging higher.
IQS Phase
53
ordinary
Signal Strength
9
decline fading out
Sizing
MINIMUM
Ranking
#30 / 51
EU-UK stocks
Trade P&L %
+3.32%
from signal to date, no stop loss
Rank position
ranks 30th among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 9 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