European utilities · Sell signal, week 8
European utilities ETF: EXH9 gains 0.5% as the weekly MACD line slips below zero
Our view last week
Sellers are back in charge on European utilities: EXH9, the iShares sector ETF, ends the week down 0.7% with 78% of volume on the sell side, a week after buyers had stepped in. In this EXH9 technical analysis, money flow sinks further below zero for a 4th straight week and the price action points to distribution. The sell signal carries on, with the short more than 2.5% in the money and the price boxed into a narrow band: a swing trading setup still leaning lower.
This week's summary
The weekly MACD line slips below zero in the very week EXH9, the European utilities ETF, recovers 0.5%. Last week the fund had lost 0.7%; now it bounces off its 50-week moving average, while money flow stays negative for a 5th straight week. In this EXH9 technical analysis the Sell signal carries on, with the short 2% in profit, and the price action shows a price stuck in a narrow corridor: a swing trading setup still waiting for direction.
IQS Phase
63
ordinary
Signal Strength
5
decline losing steam
Sizing
MINIMUM
Ranking
#66 / 89
EU-UK stocks
Trade P&L %
+2.02%
from signal to date, no stop loss
Utilities Europe (EXH9) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 66th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXH9 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content