CPFL Energia: the sell fades out, a new buy begins
CPFL Energia climbs 4.8% as the system opens a fresh buy signal
CPFL Energia: the sell fades out, a new buy begins
Our view last week
CPFL Energia is in its tenth week of a sell signal, and the week just closed rose 0.4%: the price climbed back toward the Pivot Point and signal strength dropped to 2 out of 100. The setup quality indicator, at 53 out of 100, stays in the ordinary range, and the stock ranks 20th among the 22 sell signals for Rest of the World stocks.
This week's summary
CPFL Energia shares rebound 4.8% off a double bottom in the 42 area, with the session's volume almost entirely on the buy side: the system opens a fresh buy signal, right after the previous sell signal faded out last week just short of the Inversion Point. Signal strength sits at the average, 54 out of 100, and the weekly structure stays bullish.
Fresh BUY
·1st week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 6
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IQS Phase
62
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#2 / 2
New rest of the world stocks
Trade P&L %
+0.00%
from signal to today
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