PG&E confirms its buy signal, up 0.9%
PG&E gains 0.9%, confirming its buy signal off the 16 area double bottom
PG&E confirms its buy signal, up 0.9%
Our view last week
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.
This week's summary
PG&E's double bottom in the 16 area holds: the week closes up 0.9%, confirming the buy signal that fired seven days ago. The picture isn't clean-cut: in the last session sellers stayed clearly in charge, with only 8.6% of volume on the buy side. And there's an event to watch — earnings land this very week, on July 23. The setup quality indicator climbs to 79 out of 100, while signal strength eases to 47: weak conviction, steady profile.
IQS Phase
79
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#68 / 112
US stocks in progress
Trade P&L %
+0.87%
from signal to today
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