XLRE consolidates below highs, trade up 5% in week 17
XLRE slips 0.2% and consolidates below the highs as volume swings back to balance
XLRE consolidates below highs, trade up 5% in week 17
Our view last week
XLRE, the US real estate sector ETF, pushed to fresh recent highs in the 46 area only to get firmly rejected: the week closes down 1.9%, with 83% of volume on the sell side. This XLRE technical analysis still shows the uptrend holding its shape - three higher lows across the latest daily bars - with the trade now up 5.25% since entry.
This week's summary
XLRE, the US real estate sector ETF, took a breather after last week's firm rejection near the highs: this week closes nearly flat, with volume back in balance between buyers and sellers after the heavy selling seven days ago. Price is still boxed into a tight band under the 45 area, but the uptrend holds its shape - all the structural moving averages still aligned. The trade, now in its 17th week, is running a 5% gain.
IQS Phase
51
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#70 / 132
US stocks in progress
Trade P&L %
+5.04%
from signal to date, no stop loss
Rank position
ranks 70th among the 132 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLRE
Sector regimein positive regime
Performanceweekly -0.20% · monthly +1.88%
XLRE belongs to the etf settoriale sector (reference ETF XLRE). The sector is classified in positive regime according to our weekly reading.
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