VGT tech ETF: confirmation stalls the Sell signal
VGT jumps 7.3%, and the confirmation pushes the Sell signal toward exit
VGT tech ETF: confirmation stalls the Sell signal
Our view last week
VGT, the Vanguard technology ETF, weekly technical analysis: the buy trade that had been running for 14 weeks up 12.5% gives way to a fresh Sell signal. The weekly ADX is losing conviction, and the daily chart shows three lower highs, from the 118 area down to the 116 area. Strength drops to 17 out of 100 and VGT ranks 59th among the 138 US sell signals; our model flags this as a high-risk opening.
This week's summary
VGT, the Vanguard technology ETF, weekly technical analysis: the confirmation week on the fresh Sell signal closes with a 7.3% jump, and the downside push nearly runs out - strength drops to 2 out of 100. The weekly ADX is losing conviction, buyers dominate daily volume, and the price is back near its highs. VGT slips to 120th among the 122 US sell signals; the confirmation suggests exiting the position. Price closed above the first stop level (SL1) and the second stop level (SL2) flagged in last week's card (120.2 area, 121.38 area): for anyone following those levels the trade is closed.
IQS Phase
55
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#120 / 122
US stocks sell signals
Trade P&L %
-7.34%
from signal to date, no stop loss
Rank position
ranks 120th among the 122 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +7.20% · monthly +3.62%
VGT belongs to the etf settoriale sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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