US industrial ETF, in its 16th week of management
XLI ETF: +3% this week as buyers retake control of volume
US industrial ETF, in its 16th week of management
Our view last week
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.
This week's summary
XLI, the US industrial sector ETF, closes the week up 3% and moves back above the daily pivot, with buyers back in control of volume (63%) and cash flow improving. The weekly RSI climbs to 66.4 and the MACD keeps improving, even as volume stays lightly contracted versus the prior weeks. The trade is up 6.73% since entry, in its 16th week of management.
IQS Phase
82
in tension / maturity
Signal Strength
20
low · fading
Sizing
MINIMUM
Ranking
#126 / 132
US stocks in progress
Trade P&L %
+6.73%
from signal to date, no stop loss
Rank position
ranks 126th among the 132 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 strong phase
Performanceweekly +2.97% · monthly +2.64%
XLI belongs to the etf settoriale sector (reference ETF XLI). The sector is classified in strong phase according to our weekly reading.
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