PG&E: double bottom holds, +3.1% in week two
PG&E climbs 3.1% as its double bottom in the 16 area keeps holding
PG&E: double bottom holds, +3.1% in week two
Our view last week
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.
This week's summary
PG&E's double bottom in the 16 area keeps holding: the week just closed adds 3.1% and pushes the stock back toward short-term resistance, in the 18 area. This PG&E technical analysis comes right after last week's earnings, which passed without a shock. The picture is constructive but not fully clean: a couple of price-action warnings remain, while the setup quality indicator climbs to 85 out of 100.
IQS Phase
85
in tension / maturity
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#75 / 124
US stocks in progress
Trade P&L %
+3.96%
from signal to today
Rank position
ranks 75th among the 124 Longs already running for US stocks 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%
PCG belongs to the utilities sector (reference ETF XLU). The sector is classified in positive regime according to our weekly reading.
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