Sempra Energy Stock Forecast

Evaluation of Sempra Energy stock downgraded after the last trading session.
(Updated on Apr 26, 2024)

SRE Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Sempra Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $70.93 and $70.39. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Sempra Energy stock

Sempra Energy finds support from accumulated volume at $70.60 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 $1.05 (1.47%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.

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 29th

For the upcoming trading day on Monday, 29th we expect Sempra Energy to open at $71.66, and during the day (based on 14 day Average True Range), to move between $70.00 and $72.64, which gives a possible trading interval of +/-$1.32 (+/-1.85%) up or down from last closing price. If Sempra Energy takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $71.49 (0.24%) than the support at $70.60 (1.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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: -1.841 Sell Candidate Downgraded

Predicted Opening Price for Sempra Energy of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.