VEA: tight range, ADX sliding
VEA closes flat (0.0%): ADX slides for a fourth week, price stuck in its range
VEA: tight range, ADX sliding
Our view last week
This week VEA - the Vanguard developed international markets ETF - gave back 1.8%, erasing part of its recent rebound: sellers have retaken control of trading (65%, versus 64% buyers a week ago), money flow has turned negative, and the ADX keeps sliding - a sign the trend is losing steam. Price is boxed between support in the 69.6 area and resistance in the 70.3-70.4 area, with the Inversion Point sitting right below.
This week's summary
VEA, the Vanguard developed international markets ETF, stays boxed in after last week's pullback: this week it closes flat, with sellers still in control of 66% of the tape and the ADX sliding for a fourth straight week. Our VEA technical analysis flags money flow ticking just positive again, but not enough to shift the picture: the trend keeps losing conviction while price stays pinned between support and resistance, a step from the Inversion Point.
IQS Phase
46
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#70 / 124
US stocks in progress
Trade P&L %
+2.91%
from signal to today
Rank position
ranks 70th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
VEA belongs to the etf broad sector (reference ETF ).
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