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Eversource Energy stock price up 1.34% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.34% PDF

The Eversource Energy stock price gained 1.34% on the last trading day (Thursday, 28th Mar 2024), rising from $58.98 to $59.77. During the last trading day the stock fluctuated 2.02% from a day low at $58.80 to a day high of $59.99. The price has fallen in 5 of the last 10 days but is still up by 1.2% over the past 2 weeks. Volume fell on the last day by -903 thousand shares and in total, 2 million shares were bought and sold for approximately $105.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $60.88 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Eversource Energy stock with a 90% probability to be traded between $54.59 and $61.99 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.

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ES Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -1.45%. 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). The Eversource 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 $58.22 and $58.20. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Eversource Energy stock

Eversource Energy finds support from accumulated volume at $58.87 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 $1.19 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.38%.

Our recommended stop-loss: $57.53 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (ES) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Eversource Energy to open at $59.52, and during the day (based on 14 day Average True Range), to move between $58.35 and $61.19, which gives a possible trading interval of +/-$1.42 (+/-2.38%) up or down from last closing price. If Eversource Energy takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $60.65 (1.47%) than the support at $58.87 (1.51%), 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 Eversource Energy stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Eversource Energy stock to perform well in the short-term period.

Current score: 1.860 Buy Candidate Unchanged

Predicted Opening Price for Eversource Energy of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$59.52 ( 0.421%) $59.77

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

Trading levels for ES

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 60.70 1.56 %
R2 60.25 0.80 %
R1 59.97 0.336 %
Current price: 59.77
Support S1 59.07 -1.18 %
S2 58.79 -1.65 %
S3 58.33 -2.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 62.89 5.22 %
R2 62.07 3.85 %
R1 60.65 1.47 %
Current price 59.77
Support S1 58.87 -1.51%
S2 58.00 -2.96%
S3 57.06 -4.53%

ES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Mar 04, 2024 Mar 29, 2024 $0.715 1.20%
2 Dec 05, 2023 Dec 15, 2023 Dec 29, 2023 $0.675 1.09%
3 Sep 14, 2023 Sep 22, 2023 Sep 29, 2023 $0.680 1.17%
4 May 03, 2023 May 17, 2023 Jun 30, 2023 $0.675 0.95%
5 Feb 01, 2023 Mar 01, 2023 Mar 31, 2023 $0.675 0.86%

FAQ

What is the symbol for Eversource Energy Stock and on which exchange is it traded?
The symbol for Eversource Energy is ES and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eversource Energy Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Eversource Energy stock to perform well in the short-term period.

How to buy Eversource Energy Stock?
Eversource Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eversource Energy Stock.

What's the current price of Eversource Energy Stock?
As of the end of day on the 2024-03-28, the price of an Eversource Energy (ES) share was $59.77.

What is the 52-week high and low for Eversource Energy Stock?
The 52-week high for Eversource Energy Stock is $81.36 and the 52-week low is $52.03.

What is the market capitalization of Eversource Energy Stock?
As of the 2024-03-28, the market capitalization of Eversource Energy is 20.901B.

When is the next earnings date for Eversource Energy?
The upcoming earnings date for Eversource Energy is May 01, 2024.
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About Eversource Energy

Eversource Energy Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 226,0... ES Profile

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