Sempra Energy Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Sempra Energy stock downgraded to Sell Candidate
(Updated on Apr 26, 2024)
The Sempra Energy stock price fell by -0.92% on the last day (Friday, 26th Apr 2024) from $71.98 to $71.32. During the last trading day the stock fluctuated 1.47% from a day low at $71.31 to a day high of $72.36. The price has risen in 6 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume has increased on the last day by 587 thousand 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, 3 million shares were bought and sold for approximately $217.36 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $72.02 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Sempra Energy stock with a 90% probability to be traded between $65.61 and $71.26 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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.
Golden Star
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
Fair opening price April 29, 2024 | Current price |
---|---|
$71.66 ( 0.481%) | $71.32 |
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 | 72.71 | 1.95 % | |
R2 | 72.31 | 1.39 % | ||
R1 | 72.06 | 1.04 % | ||
Current price: | 71.32 | |||
Support | S1 | 71.26 | -0.0810 % | |
S2 | 71.01 | -0.428 % | ||
S3 | 70.61 | -0.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 71.68 | 0.505 % | |
R2 | 71.52 | 0.280 % | ||
R1 | 71.49 | 0.238 % | ||
Current price | 71.32 | |||
Support | S1 | 70.60 | -1.01% | |
S2 | 70.01 | -1.84% | ||
S3 | 69.77 | -2.17% |
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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