Brazilian utilities · buy signal, week 6
Cemig slips 2.5% below its 90-day high, with the MACD still climbing
Our view last week
Cemig adds 6.3% and sets a fresh 90-day high in the 12.3 area, confirmed by the weekly close: a week ago the stock was stuck under its short-term high, now it has cleared it. Cemig stock has risen for 2 weeks with an improving MACD and positive money flow, while a low ADX says the trend still lacks conviction. Among the weekly buy signals this is a swing trading case that is working, to be read through the price action around the highs.
This week's summary
A week after its fresh 90-day high, Cemig slips 2.5%: during the week the price drifted back toward the 12.3 area without touching it, then pulled back. Cemig stock still holds above its 50-week average, with the MACD above its signal line for 6 weeks and money flow positive. Among the weekly buy signals, this swing trading setup is catching its breath, up 5% since entry: the price action around the highs will tell whether the climb resumes.
Open BUY
·6th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Nov 12
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IQS Phase
72
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#20 / 25
Rest of the World stocks in progress
Trade P&L %
+5.06%
from signal to date, no stop loss
Cemig (CMIG4) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 20th among the 25 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimein positive regime
Performanceweekly +1.93% · monthly +2.15%
CMIG4 belongs to the utilities sector (reference ETF XLU). The sector is classified in positive regime according to our weekly reading.
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