US communication services ETF · buy in week 9
XLC slips 1.6% as the MACD histogram turns down after 7 weeks up
Our view last week
XLC, the US Communication Services ETF, stays boxed in a tight band between the daily Inversion Point average and the 200-day moving average, while the weekly MACD improves and its histogram has been rising for 7 weeks. On the daily chart money flow stays negative and sellers handle 60% of the volume: in our weekly technical analysis, the push isn't confirmed yet. The buy signal is in week 8 and still up 1.76%, with IQS down to 52 out of 100.
This week's summary
The 7-week climb in XLC's MACD histogram is over: the US communication services ETF shed 1.6%, and sellers ruled the weekly bar to an extreme, with buying below 25% of volume. Weekly technical analysis still shows it penned between the daily Kumo ceiling and the daily Inversion Point average, while money flow stays negative. Price action is not backing the buy signal, which reaches week 9 barely above breakeven — a swing trading setup yet to find its stride.
IQS Phase
41
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#105 / 116
US stocks in progress
Trade P&L %
+0.14%
from signal to date, no stop loss
Rank position
ranks 105th among the 116 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLC
Sector regimein positive regime
Performanceweekly -1.59% · monthly -0.46%
XLC belongs to the etf settoriale sector (reference ETF XLC). The sector is classified in positive regime according to our weekly reading.
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