Europe ETF · trade under management
VGK slips 0.2% as sellers retake control, yet the double bottom in the 87 area holds
Europe ETF · trade under management
Our view last week
This week's technical analysis of VGK, the ETF tracking the European equity basket, tells a story of shifting volume: buyers took back control with 56% of trading, after sellers had dominated the week before. Price didn't take advantage, though, closing flat and still boxed between resistance in the 89 area and support in the 88.5 area, above the double bottom carved out in the 87 area. The trade has been open for 14 weeks and sits 1.76% in the green.
This week's summary
This week sellers take back control of VGK's volume, after buyers had dominated the prior week: price closes flat, down 0.2%. The double bottom carved out in the 87 area remains the technical reference, with RSI still above the neutral line and ADX holding steady with no acceleration in either direction. The trade, open for a while now, remains in profit.
IQS Phase
42
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#91 / 124
US stocks in progress
Trade P&L %
+1.55%
from signal to today
Rank position
ranks 91st among the 124 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
VGK belongs to the etf broad sector (reference ETF ).
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