Sabesp confirms the signal, +2.4%
Sabesp rises 2.4% and confirms the buy signal, but a distribution phase warns caution
Sabesp confirms the signal, +2.4%
Our view last week
A fresh buy signal fires on Sabesp: the stock opens in 1st place among the 3 new longs on rest-of-the-world stocks, with a signal strength of 54 out of 100. The weekly structure is solid, with all moving averages aligned, but the week just closed also carries a couple of warning flags worth watching in the coming weeks.
This week's summary
Sabesp's confirmation week closes at +2.4%, with signal strength climbing to 59 out of 100. The weekly picture stays bullish — all averages aligned — but a distribution phase is underway, even as all of the last daily session's volume was on the buy side. Price stays boxed between the 31 and 31.3 areas: one to watch closely.
IQS Phase
63
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#3 / 8
Rest of the World stocks in progress
Trade P&L %
+2.44%
from signal to today
restricted Platinum content