Southern California Gas Co. Stock Forecast
Southern California Gas Co. stock price down 1.92% on Tuesday
(Updated on Jun 25, 2024)
The Southern California Gas Co. stock price fell by -1.92% on the last day (Tuesday, 25th Jun 2024) from $26.00 to $25.50. During the last trading day the stock fluctuated 0% from a day low at $25.50 to a day high of $25.50. The price has risen in 4 of the last 10 days but is still down by -0.97% for this period. Volume has increased on the last day by 316 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 316 shares were bought and sold for approximately $8.06 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Southern California Gas Co. stock with a 90% probability to be traded between $24.35 and $26.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SOCGP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Southern California Gas Co. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.71 and $25.56. A break-up above any of these levels will issue buy signals. Southern California Gas Co. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Southern California Gas Co. stock
Southern California Gas Co. finds support from accumulated volume at $25.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0155%.
Our recommended stop-loss: $24.41 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (SOCGP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Southern California Gas Co. to open at $25.50, and during the day (based on 14 day Average True Range), to move between $25.23 and $25.77, which gives a possible trading interval of +/-$0.274 (+/-1.08%) up or down from last closing price. If Southern California Gas Co. takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.31 (0.75%) than the resistance at $25.85 (1.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Southern California Gas Co. stock A Buy?
Southern California Gas Co. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Southern California Gas Co. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.50 ( 0%) | $25.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOCGP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.50 | - |
| R2 | 25.50 | - |
| R1 | 25.50 | - |
| Price | 25.50 | |
| S1 | 25.50 | - |
| S2 | 25.50 | - |
| S3 | 25.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.48 | 7.76% |
| R2 | 26.86 | 5.33% |
| R1 | 25.85 | 1.37% |
| Price | 25.50 | |
| S1 | 25.31 | -0.745% |
| S2 | 25.30 | -0.784% |
| S3 | 25.25 | -0.98% |
SOCGP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jul 15, 2024 | $0.375 | 1.47% |
| 2 | Jan 24, 2024 | Mar 07, 2024 | Apr 15, 2024 | $0.375 | 1.45% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Jan 15, 2024 | $0.375 | 1.43% |
| 4 | Aug 10, 2023 | Sep 07, 2023 | Oct 15, 2023 | $0.375 | 1.56% |
| 5 | May 16, 2023 | Jun 08, 2023 | Jul 15, 2023 | $0.375 | 1.41% |
FAQ
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