Cemig, Sell signal under management for 18 weeks
Cemig bounces 4.7% as buyers retake control after 17 weeks
Our view last week
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.
This week's summary
Cemig stock (CMIG4) carries a Sell signal under management for 18 weeks, with the short still above 16% in profit. After weeks of sellers retreating but still in control, this week that slowdown turns into an outright bounce: the stock gains 4.7%, buyers take 84% of volume, and money flow turns positive for the first time in 17 weeks. The ADX rises for a 3rd straight week — the trend gains conviction as price climbs back toward the Inversion Point, in the 10.7 area.
IQS Phase
69
in tension
Signal Strength
5
decline fading out
Sizing
MINIMUM
Ranking
#8 / 23
Rest of the World stocks
Trade P&L %
+16.19%
from signal to date, no stop loss
Rank position
ranks 8th among the 23 sell signals for titoli resto del mondo in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -0.09% · monthly -4.85%
CMIG4 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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