CPFL Energia: buy signal holding, down 3.8%
CPFL Energia slips 3.8% as the buy signal holds its course
CPFL Energia: buy signal holding, down 3.8%
Our view last week
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.
This week's summary
CPFL Energia shares close the confirmation week down 3.8%, with sellers extremely dominant on the last bar and buyer dominance collapsing fast. The buy signal, which fired two weeks ago, is still holding: the weekly picture stays bullish, with three of the four structural averages aligned, though contracting volume calls for caution. The stock still trades below its 50-week average, with wide room to run toward its all-time highs.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 6
★ See Gold version →
IQS Phase
50
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#11 / 13
Rest of the World stocks in progress
Trade P&L %
-5.81%
from signal to today
Rank position
ranks 11th among the 13 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 +2.48% · monthly +1.65%
CPFE3 belongs to the utilities sector (reference ETF XLU). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content