Buy signal, week 5
Light slips 0.9% for the week, but the bounce off the daily EMA20 keeps the buy signal alive
Our view last week
Light stock bounces off its daily EMA20, in the 3.1 area, jumping 6% from the session low: the week closes up 4.8%, erasing most of last week's decline. The weekly technical analysis stays cautious — one warning still points to an indecisive phase — while the buy signal enters its 4th week, ranking 2nd among the six open buys in Rest of World stocks.
This week's summary
Light's buy signal is now in its 5th week, ranking 2nd among the five open buys in Rest of World stocks, with a signal strength of 86 out of 100. After last week's 4.8% jump, this week stalls: down 0.9%, with an indecisive last candle. On the daily chart the price bounced 6% off its EMA20: buyers are still present. The utilities sector stays under pressure, with the reference ETF down 3.48% for the week. For swing trading price action on this Brazilian utility, patience still applies.
IQS Phase
34
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#2 / 5
Rest of the World stocks in progress
Trade P&L %
-0.31%
from signal to date, no stop loss
Rank position
ranks 2nd among the 5 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -3.48% · monthly -6.88%
LIGT3 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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