Weaker Buy Today EE ranks #160 as BUY CANDIDATE. Stronger Buy
Today EE ranks #160 as BUY CANDIDATE.

EE stock El Paso Electric Company

EE stock
El Paso Electric Company

22 January 2019
Change 2.18%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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El Paso Electric Company Stock Analysis

Technical stock analysis for 22 January 2019

Buy candidate since 2019-01-22
Shorts 1.30% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta 0.45
ROA 2.97

El Paso Electric Company gained 2.18% in the last trading day, rising from $50.88 to $51.99 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 5.74% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 225 247 more shares were traded than the day before. In total, 606 990 shares bought and sold for approximately $31.56 million.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the EE stock was $51.99. This is 2.18% more than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 3.59% from a day low at $50.40 to a day high of $52.21.

30 day high of the EE stock price was $52.21 and low was $47.99.
90 day high was $60.22 and low was $47.99.
52 week high for the El Paso Electric Company - $64.35 and low - $47.99.

Trend

El Paso Electric Company has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $51.44, a level that may pose a second chance to hit a runner. According to fan-theory $57.19 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Only positive signals in the chart today. El Paso Electric Company holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $49.90 and $51.80. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Monday January 14, 2019 with a target of $50.62. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

El Paso Electric Company finds support from accumulated volume at $50.88.

Support: $50.88 Price: $51.99 Resistance: $52.08

Risk

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 $1.81 (3.59%) between high and low. For the last week, the stock has had a daily average volatility of 2.39%.

Since the El Paso Electric Company has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $49.86 (-4.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

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Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today EE ranks #160 as BUY CANDIDATE. Stronger Buy
Today EE ranks #160 as BUY CANDIDATE.