XLRE: rejected at highs, buyers still in control
XLRE gains 1.2% and tests new highs, but the rejection keeps the rally in check
XLRE: rejected at highs, buyers still in control
Our view last week
This week XLRE, the US real estate sector ETF, climbed 2.2% as buyers retook control after last week's seller-led pause. Money flow is turning back up, the weekly MACD is improving, and price is now squeezed between resistance just above the 45.4 area and support in the 44.7 area, inside the same double-bottom corridor that has held for weeks. XLRE technical analysis: the structure still holds, but the pace stays cautious.
This week's summary
XLRE's rally continues: after last week's 2.2% gain, this week the price pushed to fresh 7-day and 30-day highs, in the 46.1 area, only to get firmly rejected. Buyers stay in control - 86% of the week's volume was on the buy side - and money flow is turning up sharply. This XLRE technical analysis shows the picture still bullish, with the trade now up 7.3% since entry.
IQS Phase
71
in tension
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#92 / 124
US stocks in progress
Trade P&L %
+7.31%
from signal to today
Rank position
ranks 92nd among the 124 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLRE
Sector regimein strong phase
Performanceweekly +1.17% · monthly +3.24%
XLRE belongs to the etf settoriale sector (reference ETF XLRE). The sector is classified in strong phase according to our weekly reading.
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