US utility, confirmation week in the red
Constellation Energy: the confirmation week falls 3.4% as the system flags an early exit
Our view last week
Constellation Energy stock opens a fresh buy signal: the week just closed adds 4.7%, but price stays boxed below its breakout level in the 287 area, the 7-day high. Signal strength is high, 72 out of 100 - wide and volatile - and the stock ranks 6th among the 27 fresh US Longs. Under the surface, though, daily money flow stays negative: breakout confirmation hasn't arrived yet.
This week's summary
Constellation Energy stock falls 3.4% in the confirmation week of its new buy signal, inside a weak Utilities sector: the sector ETF loses 3.5% on the week and 6.9% on the month. Price stays below the 50-week moving average and hasn't broken the 287 area yet, which would open the door to further upside. Under the surface, though, the weekly MACD is improving and stays above its Signal line, a sign worth watching while the latest bar still shows sellers slightly prevalent.
IQS Phase
50
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#85 / 167
US stocks in progress
Trade P&L %
-3.41%
from signal to date, no stop loss
Rank position
ranks 85th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -3.48% · monthly -6.88%
CEG belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
restricted Platinum content