Cemig, the decline slows
Cemig slips 1.9% as the decline slows and ADX gains strength
Our view last week
Cemig shares accelerate lower: after last week's drop, the stock cedes another 6.3% this week, with sellers at 91% of volume, and money flow turns negative again after weeks near flat. The Sell signal, now in its 16th week of management, stays firmly in control and sits above 18% in the money. On the daily chart, though, lows keep rising — an early flag worth watching.
This week's summary
Cemig's slide loses speed: after last week's 6.3% drop, the stock cedes 1.9% this week, with sellers still prevalent but less dominant, at 65% of volume against 91% previously. Money flow stays negative but ticks up slightly this week, while ADX climbs for a second straight week: the downtrend is firming up even as price cools. The sell signal, now in its 17th week, stays firmly in control and sits above 19% in the money.
IQS Phase
82
in tension / maturity
Signal Strength
42
isolated weekly drop
Sizing
REDUCED
Ranking
#10 / 25
Rest of the World stocks
Trade P&L %
+19.94%
from signal to date, no stop loss
Rank position
ranks 10th among the 25 sell signals for titoli resto del mondo in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -3.48% · monthly -6.88%
CMIG4 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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