XLU sheds 4.2% in the confirmation week
XLU drops 4.2%: the confirmation week points to an exit
XLU sheds 4.2% in the confirmation week
Our view last week
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.
This week's summary
XLU closes the week down 4.2%, with sellers clearly dominant in the last session and buyer dominance visibly collapsing. Daily money flow stays negative. The confirmation week for the buy signal ends in the red: the picture calls for close attention, with the dynamic stop already tighter than the structural level, protecting the position.
IQS Phase
36
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#104 / 120
US stocks in progress
Trade P&L %
-4.19%
from signal to date, no stop loss
Rank position
ranks 104th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -4.19% · monthly -0.94%
XLU belongs to the etf settoriale sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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