Ongoing decline · week 5 of the Sell signal
PG&E slips 0.2% as a fresh low in the 11.8 area fails to hold on the weekly close
Our view last week
PG&E drops 6.5%, its sixth losing week in a row, and sets its lowest level in 90 days, in the 12 area. Last week no session defended the low, and now the decline is lengthening its stride: signal strength jumps from 55 to 90 out of 100, with lower lows and sellers ahead. Technical analysis of PG&E stock shows the weekly RSI at 25.8, deep in oversold, and a rising ADX: price action trading stays bearish, and the trade is up 13.7% since it opened.
This week's summary
PG&E prints a fresh 90-week low in the 11.8 area and fails to confirm it on the close: after last week's 6.5% drop, this one ends down 0.2%, in the upper part of its range. On the daily chart the run of 4 lower highs has been broken too. Technical analysis of PG&E stock still reads bearish, though: weekly RSI at 25.7, oversold, a rising ADX and a distribution phase underway. For swing trading in US stocks, the short stands 13.9% up since it opened.
IQS Phase
75
in tension
Signal Strength
37
decline losing steam
Sizing
REDUCED
Ranking
#68 / 175
US stocks
Trade P&L %
+13.85%
from signal to date, no stop loss
PG&E (PCG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 68th among the 175 sell signals for US stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly +0.81% · monthly -6.66%
PCG belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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