VFH, the US financial sector ETF
VFH climbs 1% as the ADX keeps building conviction near resistance
VFH, the US financial sector ETF
Our view last week
VFH's ADX keeps climbing and money flow keeps accelerating, but this week the price stalled (-0.1%), with an indecisive last candle right up against resistance in the 138 area. In our VFH technical analysis, the fund stays under management in week 14, up 6.8% since entry, with the trend gaining conviction even as the room above narrows.
This week's summary
VFH, the US financial sector ETF, is up 1% this week and the ADX keeps climbing — the trend is gaining conviction. But underneath, volumes are contracting and the latest candles stay indecisive right up against the highs, just as last week. The fund has been under management for 15 weeks, up 7.9% from entry.
IQS Phase
76
in tension
Signal Strength
8
low · fading
Sizing
MINIMUM
Ranking
#119 / 120
US stocks in progress
Trade P&L %
+7.91%
from signal to date, no stop loss
Rank position
ranks 119th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 8 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
VFH belongs to the etf settoriale sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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