XLU: a fresh buy signal on the US utilities ETF
XLU rises 2.5%: a fresh buy on the utilities ETF, though with some technical caution
XLU: a fresh buy signal on the US utilities ETF
Our view last week
XLU, the US utilities ETF, is seeing sellers return in force: 91% of last week's volume was on the sell side, the highest of the recent run, while price gave up just 0.5%. Daily money flow has turned negative and weekly buyers, dominant at the end of June, are pulling back. The sell signal has been under management for nine weeks: compared with a week ago, the loss has narrowed slightly, to 2.96%.
This week's summary
XLU bounces off a clean double bottom in the 44 area and closes the week up 2.5%, pressing back into the 46 band where price has already stalled more than once. Our XLU technical analysis flags a fresh buy, but with mixed signals: volume is contracting and the rejection candles are mixed, a sign the phase is still undecided. Daily money flow stays negative and signal strength is only medium-weak: an entry to handle with caution.
IQS Phase
58
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#7 / 7
New us stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 7th among the 7 fresh Longs for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLU
Sector regimein positive regime
Performanceweekly +2.48% · monthly +1.65%
XLU belongs to the etf settoriale sector (reference ETF XLU). The sector is classified in positive regime according to our weekly reading.
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