Communication Services ETF, buy signal in its 3rd week
XLC ETF: +2.8% this week, yet the confirmation week stays weak
Communication Services ETF, buy signal in its 3rd week
Our view last week
XLC, the US Communication Services sector ETF, rebounds 1.8% after last week's slide, yet the second week of the buy signal still closes lower: sellers stay in control, with mixed rejection candles and a distribution phase still active. Price is boxed between resistance in the 109 area and support in the 107.75 area, waiting for clearer direction.
This week's summary
XLC, the US Communication Services sector ETF, closes the week up 2.8%, yet beneath the surface the signals stay soft: volume isn't following price, candle conviction is thinning, and the distribution phase is still underway. The confirmation week on the buy signal closed lower and already pointed to caution: signal strength drops to 29 out of 100. XLC technical analysis: the picture calls for watching closely, not adding weight.
IQS Phase
48
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#115 / 132
US stocks in progress
Trade P&L %
+0.54%
from signal to date, no stop loss
Rank position
ranks 115th among the 132 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 +2.78% · monthly +1.64%
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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