PG&E stalls in a rough week for utilities
PG&E slips 1.3% as the buy signal stalls just under resistance
Our view last week
PG&E's stock closes the week up 2.2%, bouncing off the daily 20-day moving average with buyers commanding 97.9% of volume. The weekly technical analysis shows a picture that stays bullish, with the MACD improving, even as three price-action flags call for watching how the move holds up. The stock now tests its 7-day high, in the 17.85 area: clearing it would open the door to a breakout. The buy signal, in its fifth week, is up 3.9%.
This week's summary
After a week of gains, PG&E stock changes tone: the stock slips 1.3% and the daily chart prints a bearish engulfing pattern, with sellers back in charge on the last bar. The utility sector, meanwhile, stays weak. The buy signal is in its 6th week and up 2.5%: the first trimming window in our method has just opened.
IQS Phase
70
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#97 / 167
US stocks in progress
Trade P&L %
+2.50%
from signal to date, no stop loss
Rank position
ranks 97th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -3.48% · monthly -6.88%
PCG belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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