Sempra Energy Stock Forecast
Stronger technical forecast for Sempra Energy stock price after Friday trading.
(Updated on Jun 28, 2024)
The Sempra Energy stock price fell by -0.554% on the last day (Friday, 28th Jun 2024) from $23.48 to $23.35. During the last trading day the stock fluctuated 1.25% from a day low at $23.19 to a day high of $23.48. The price has been going up and down for this period, and there has been a -1.6% loss for the last 2 weeks. Volume has increased on the last day by 53 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, 93 thousand shares were bought and sold for approximately $2.17 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sempra Energy stock with a 90% probability to be traded between $23.04 and $23.39 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SREA Signals & Forecast
There are few to no technical positive signals at the moment. The Sempra Energy stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.44 and $23.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.89%. 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.
Support, Risk & Stop-loss for Sempra Energy stock
Sempra Energy finds support from accumulated volume at $23.34 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 $0.290 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SREA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sempra Energy to open at $23.34, and during the day (based on 14 day Average True Range), to move between $23.11 and $23.59, which gives a possible trading interval of +/-$0.242 (+/-1.04%) up or down from last closing price. If Sempra Energy takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.34 (0.04%) than the resistance at $23.41 (0.26%), 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 is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.718 Sell Candidate Upgraded
Predicted Opening Price for Sempra Energy of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$23.34 ( 0.0428%) | $23.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SREA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.63 | 1.20% |
R2 | 23.52 | 0.725% |
R1 | 23.45 | 0.432% |
Price | 23.35 | |
S1 | 23.23 | -0.517% |
S2 | 23.16 | -0.81% |
S3 | 23.05 | -1.28% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.68 | 1.41% |
R2 | 23.54 | 0.81% |
R1 | 23.41 | 0.257% |
Price | 23.35 | |
S1 | 23.34 | -0.0428% |
S2 | 23.33 | -0.0857% |
S3 | 23.25 | -0.428% |
SREA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.359 | 1.54% |
2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.359 | 1.48% |
3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.359 | 1.43% |
4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.359 | 1.58% |
5 | Jun 14, 2023 | Jun 14, 2023 | Jul 01, 2023 | $0.359 | 1.49% |
FAQ
Click here for our free guide on how to buy Sempra Energy Stock.