Sempra Energy Stock Forecast
Green day on Friday for Sempra Energy
(Updated on Apr 19, 2024)
The Sempra Energy stock price gained 2.40% on the last trading day (Friday, 19th Apr 2024), rising from $68.44 to $70.08. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.22% from a day low at $68.63 to a day high of $70.16. The price has been going up and down for this period, and there has been a -0.62% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 196 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $197.32 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 -2.09% during the next 3 months and, with a 90% probability hold a price between $64.95 and $70.36 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 5.53%. 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 $70.22. On a fall, the stock will find some support from the short-term average at $68.42. 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 $70.01 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 $1.53 (2.22%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Sempra Energy to open at $69.62, and during the day (based on 14 day Average True Range), to move between $68.75 and $71.41, which gives a possible trading interval of +/-$1.33 (+/-1.90%) 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 $70.01 (0.10%) than the resistance at $70.18 (0.14%), 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.
Current score: -2.067 Sell Candidate Unchanged
Predicted Opening Price for Sempra Energy of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$69.62 ( 0.654%) | $70.08 |
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 | 71.15 | 1.52 % | |
R2 | 70.56 | 0.691 % | ||
R1 | 70.20 | 0.177 % | ||
Current price: | 70.08 | |||
Support | S1 | 69.04 | -1.49 % | |
S2 | 68.68 | -2.00 % | ||
S3 | 68.10 | -2.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 70.91 | 1.18 % | |
R2 | 70.60 | 0.742 % | ||
R1 | 70.18 | 0.143 % | ||
Current price | 70.08 | |||
Support | S1 | 70.01 | -0.0999% | |
S2 | 69.77 | -0.442% | ||
S3 | 66.41 | -5.24% |
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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