The decline loses steam
Constellation Energy climbs 8.7% on 81% buying volume as the decline retreats
The decline loses steam
Our view last week
Constellation Energy remains under a Sell signal in management since week 15, with the short up 7.49%. In this week's technical analysis the stock barely moved (+0.4%), but the internal picture is improving: the MACD histogram is fading and money flow is easing its downward pressure. Price stays boxed between the 255 area and the 250 area, above the double bottom in the 239 area.
This week's summary
Constellation Energy shares climb 8.7% this week on 81% buy-side volume, the fourth straight advance after late June's sell-off. It extends the recovery that started seven days ago: weekly RSI climbs toward the 48 area, money flow is back near zero, and the MACD histogram keeps fading. The Sell signal, under management for 16 weeks, is losing ground - the short is now almost back to breakeven.
IQS Phase
57
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#127 / 141
US stocks
Trade P&L %
-0.56%
from signal to today
Rank position
ranks 127th among the 141 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimein positive regime
Performanceweekly +2.48% · monthly +1.65%
CEG belongs to the utilities sector (reference ETF XLU). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content