Sempra Energy Stock Forecast
Weaker technical forecast for Sempra Energy as stock downgraded to Sell Candidate.
(Updated on Apr 18, 2024)
The Sempra Energy stock price gained 0.736% on the last trading day (Thursday, 18th Apr 2024), rising from $67.94 to $68.44. During the last trading day the stock fluctuated 1.52% from a day low at $67.55 to a day high of $68.58. The price has fallen in 6 of the last 10 days and is down by -3.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 210 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $179.27 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.33% during the next 3 months and, with a 90% probability hold a price between $64.81 and $70.13 at the end of this 3-month period.
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SRE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.06%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sempra Energy stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $70.24. On a fall, the stock will find some support from the short-term average at $68.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sempra Energy stock
Sempra Energy finds support from accumulated volume at $68.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.03 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Sempra Energy to open at $68.19, and during the day (based on 14 day Average True Range), to move between $67.13 and $69.75, which gives a possible trading interval of +/-$1.31 (+/-1.91%) up or down from last closing price. If Sempra Energy takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $68.11 (0.48%) than the resistance at $70.01 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sempra Energy stock A Buy?
Sempra Energy holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.103 Sell Candidate Downgraded
Predicted Opening Price for Sempra Energy of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$68.19 ( 0.365%) | $68.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 69.22 | 1.14 % | |
R2 | 68.83 | 0.565 % | ||
R1 | 68.58 | 0.210 % | ||
Current price: | 68.44 | |||
Support | S1 | 67.80 | -0.94 % | |
S2 | 67.55 | -1.30 % | ||
S3 | 67.16 | -1.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 70.91 | 3.61 % | |
R2 | 70.60 | 3.16 % | ||
R1 | 70.01 | 2.29 % | ||
Current price | 68.44 | |||
Support | S1 | 68.11 | -0.482% | |
S2 | 67.94 | -0.731% | ||
S3 | 66.41 | -2.97% |
SRE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Mar 21, 2024 | Apr 15, 2024 | $0.620 | 0.91% |
2 | Feb 27, 2024 | Mar 20, 2024 | Apr 15, 2024 | $0.620 | 0.91% |
3 | Nov 14, 2023 | Dec 05, 2023 | Jan 15, 2024 | $0.595 | 0.789% |
4 | Sep 06, 2023 | Sep 26, 2023 | Oct 15, 2023 | $0.595 | 0.86% |
5 | May 11, 2023 | Jul 03, 2023 | Jul 15, 2023 | $1.19 | 1.60% |
FAQ
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