El Paso Electric Company Forecast and Stock Analysis
Technical EE stock analysis for Wednesday May 22, 2019.
|Shorts||2.67% ( 2019-04-15 )|
|Price to book||USD 2.09|
|Next Earnings Date||2019-08-05|
El Paso Electric Company gained 0.37% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $59.40 to $59.62 , and has now gained 4 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 day the stock fluctuated 0.98% from a day low at $59.08 to a day high of $59.66. The price has been going up and down for this period, and there has been a 2.37% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 242 393 more shares were traded than the day before. In total, 891 930 shares bought and sold for approximately $53.18 million.
- 30 day high of the EE stock price was $62.39 and low was $58.00.
- 90 day high was $62.39 and low was $52.83.
- 52 week high for the El Paso Electric Company - $64.35 and low - $47.99.
El Paso Electric Company lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.31% during the next 3 months and, with 90% probability hold a price between $62.56 and $66.52 at the end of this period.
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. El Paso Electric Company holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $59.69. On a fall, the stock will find some support from the short-term average at $59.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday May 10, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
El Paso Electric Company finds support from accumulated volume at $59.40.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.58 (0.98%) between high and low. For the last week, the stock has had a daily average volatility of 1.27%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.27 %Average volatility
Very Low Low Medium High Very High
El Paso Electric Company 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.
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|EE $59.62 ($0.22 0.37%)|
EE is up $0.22 today, but where's it headed in 2019?
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