Open buy · week 3 · Brazilian utility
Sabesp gains 4.8% and reclaims its 20-week average, with the 28.3 area still to clear
Our view last week
The expected breakout didn't come: Sabesp stock closed the week down 1.4%, still below its 7-day high in the 28.1 area. The price action changed tone, with sellers extremely dominant in the weekly bar and buying below 25% of volume. The buy signal that fired 2 weeks ago is still standing, with price boxed between the 50-week average, in the 27.2 area, and the 50-day average, in the 26.9 area.
This week's summary
A bounce off the 20-day average and a 4.8% weekly gain: Sabesp stock is back above its 20-week average, in the 27.6 area, and has printed a new 30-day high in the 28.3 area. Last week the expected breakout failed to show; now the weekly MACD is back above its Signal line after 20 weeks and weekly money flow has turned positive. Among the weekly buy signals still open, this one holds, but a falling ADX says the trend lacks conviction: it takes a close above the 28.3 area.
IQS Phase
76
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#10 / 20
Rest of the World stocks in progress
Trade P&L %
+4.40%
from signal to date, no stop loss
Sabesp (SBSP3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 10th among the 20 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly +0.81% · monthly -6.66%
SBSP3 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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