XLI industrial ETF: a stalled picture in week 15
XLI slips 1.5%: the bounce off the 50-day average stays soft
XLI industrial ETF: a stalled picture in week 15
Our view last week
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%.
This week's summary
XLI, the US industrial sector ETF, slips 1.5% this week and tightens back up between the daily pivot and the 7-day high. Thursday's bounce landed right on the 50-day moving average, but the pace was soft: the weekly MACD is fading and sellers edge back in control of volume. Our XLI technical analysis shows a stalled, undecided picture, with the trade still up 3.65% since entry.
IQS Phase
65
ordinary
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#109 / 120
US stocks in progress
Trade P&L %
+3.65%
from signal to date, no stop loss
Rank position
ranks 109th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
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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