Sell signal under management, week 11
Cemig gains 3.2% as buyers hit 98% of volume: the decline keeps losing steam
Sell signal under management, week 11
Our view last week
CMIG4 is in its tenth week of a sell signal, with the position up 12% since entry. The past week was nearly flat, +0.6%, but with 89% buy volume: a detail that clashes with the ongoing decline and opens the door to possible exhaustion. Price stays squeezed between the nearest resistance and support.
This week's summary
Cemig shares (CMIG4) close the week up 3.2%, with buyers now controlling 98% of volume: the fourth straight jump, after 24%, 68% and 89% in the prior weeks. It's the same exhaustion signal flagged last week, now sharper: RSI climbing toward neutral, ADX at a one-month low. The sell signal, under management since week 11, still sits more than 9% in profit.
IQS Phase
53
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#16 / 21
Rest of the World stocks
Trade P&L %
+9.25%
from signal to today
restricted Platinum content