Buy signal, week 4
CPFL Energia jumps 8.6% off its 20-day average and prints a new 90-day high
Our view last week
Last week's bounce ran out of steam at the 45 area, where the 20- and 50-day moving averages sit: CPFL Energia stock gives up 2.5% and slips back under that ceiling. The weekly price action is clear-cut, with sellers extremely dominant in the weekly bar and money flow negative for 3 weeks. The buy signal still stands, but for price action trading and swing trading this is a time for patience, with utility stocks under pressure too.
This week's summary
The 45 area ceiling that stopped the stock a week ago has given way: CPFL Energia stock bounced off its 20-day average, gained 8.6% and printed a new 90-day high in the 48.3 area. Money flow is back positive after 3 weeks and the weekly MACD is improving. Technical analysis still asks for one more proof: an ADX falling for 6 weeks says the trend lacks conviction. For swing trading among utility stocks, price action is back on the side of the buy signal.
IQS Phase
59
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#19 / 20
Rest of the World stocks in progress
Trade P&L %
+2.69%
from signal to date, no stop loss
CPFL Energia (CPFE3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 19th among the 20 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly +0.81% · monthly -6.66%
CPFE3 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
restricted Platinum content