US industrial ETF, active management stage
XLI climbs 1.8% and confirms the double bottom in the 174 area
US industrial ETF, active management stage
Our view last week
XLI is fading for a second week: after last week's 1.1% drop, this one closes down 1.4%, with sellers back in control (63% of volume) and momentum nearly halved. In our XLI technical analysis, the ETF sits boxed between the daily pivot average (179.5 area) and the lower daily Bollinger Band (177.8 area), just under highs already rejected three times. The 13-week-old trade stands at +3.4%.
This week's summary
XLI bounces 1.8% after two red weeks, with 80% of volume on the buy side and a clean double bottom in the 174 area acting as the floor. In our XLI technical analysis the MACD histogram keeps narrowing though, a sign the upside push hasn't fully returned: price stays boxed between the daily pivot (182.8 area) and the 7-day high (183.9 area). The trade's capital is running at +5.3%.
IQS Phase
61
ordinary
Signal Strength
20
low · fading
Sizing
MINIMUM
Ranking
#120 / 124
US stocks in progress
Trade P&L %
+5.27%
from signal to today
Rank position
ranks 120th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 20 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
XLI belongs to the etf settoriale sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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