PG&E flips the picture: a fresh buy signal
PG&E gains 0.7% as the picture flips: from a sell signal to a fresh buy
PG&E flips the picture: a fresh buy signal
Our view last week
Week 15 of the sell signal on PG&E, and the week closed down 1.9% just seven days after a 5.5% gain: a back-and-forth that points to a decline running out of direction. The daily chart shows a double bottom in the 16 area, with a 4% intermediate rebound, and the price has drifted back close to this week's first resistance and first support.
This week's summary
PG&E stock rebounds off a clean double bottom in the 16 area, closing the week up 0.7%: the sell signal that had run for 15 weeks gives way to a fresh buy. Setup quality is ordinary (57 out of 100), signal strength sits in the middle (54 out of 100), fifth among the six fresh US buys in this week's technical analysis. With earnings on July 23 approaching and the confirmation week still open, this is a cautious entry.
IQS Phase
57
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#5 / 6
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content