Sabesp stock: confirmation week on the sell signal
Sabesp stock drops 2.9% as sellers dominate the weekly candle
Sabesp stock: confirmation week on the sell signal
Our view last week
Sabesp stock slides 2.4% this week and the picture flips: a fresh Sell signal fires, replacing the buy signal that still held last week. Sellers took over the last candle and the stock has slipped into a distribution phase, with the IQS climbing to 76 out of 100, under tension. Our weekly technical analysis flags a decline that has only just begun: the quality band rates it trading not recommended.
This week's summary
Sabesp stock drops 2.9% this week and sellers remain firmly in charge: in the last weekly candle buyer dominance collapsed, and daily buy volume slipped to a meager 10%. The price came back to the 27 area, but no session has defended it yet: for now the move under way continues. Our weekly technical analysis puts the stock 5th among the 17 Rest of the World sell signals, trading not recommended.
Sell signal in observation
·2nd week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12
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IQS Phase
81
in tension / maturity
Signal Strength
56
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#5 / 17
Rest of the World stocks sell signals
Trade P&L %
+2.92%
from signal to date, no stop loss
Rank position
ranks 5th among the 17 sell signals for titoli resto del mondo in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -1.67% · monthly -3.86%
SBSP3 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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