CPFL Energia: confirmation week closes down 2.1%
CPFL Energia slips 2.1% in the confirmation week of its buy signal
CPFL Energia: confirmation week closes down 2.1%
Our view last week
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.
This week's summary
CPFL Energia shares close the confirmation week down 2.1%, after the buy signal fired seven days ago off a clean double bottom in the 43 area. The weekly technical picture stays bullish, with all four structural averages aligned, but contracting volume and fading buyer dominance call for some caution. Price is boxed between the 20-week average and the daily pivot point: the model suggests holding the position unchanged.
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·1st week from start
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·📅 Earnings · Aug 6
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IQS Phase
57
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#9 / 10
Rest of the World stocks in progress
Trade P&L %
-2.09%
from signal to today
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