US utility, fourth week of a buy signal
PG&E climbs 0.5% on a bullish engulfing candle with buyers at 80% of volume
US utility, fourth week of a buy signal
Our view last week
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.
This week's summary
PG&E closes the week up 0.5%, with a bullish engulfing daily candle and buyers commanding 80.6% of volume. Seven days ago money flow had turned negative under an otherwise bullish weekly picture; this week the signal finds its breath again, even as the weekly MACD keeps worsening and two price-action flags still call for watching. The Utilities sector, meanwhile, stays weak.
IQS Phase
69
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#77 / 132
US stocks in progress
Trade P&L %
+1.69%
from signal to date, no stop loss
Rank position
ranks 77th among the 132 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 -1.67% · monthly -3.86%
PCG belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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