PG&E stock slips 2.6%, but the trade stays protected
PG&E stock slips 2.6% in a jumpy week, but the buy trade stays protected
PG&E stock slips 2.6%, but the trade stays protected
Our view last week
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.
This week's summary
PG&E stock closed the week down 2.6%, with sellers firmly in control of daily volume and money flow (CMF) turning negative — a note of caution beneath a weekly picture that is still bullish. That's the read from this week's PG&E technical analysis, now in its third week of a buy signal with the stop already moved to breakeven after the first week's confirmation. The Utilities sector, meanwhile, is having a rough week.
IQS Phase
68
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#49 / 120
US stocks in progress
Trade P&L %
+1.22%
from signal to date, no stop loss
Rank position
ranks 49th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -4.19% · monthly -0.94%
PCG belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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