Sempra Energy Forecast and Stock Analysis
Technical SRE.L stock analysis for Wednesday May 22, 2019.
|Shorts||11.72% ( 2019-04-15 )|
|Price to book||EUR 2.39|
|Next Earnings Date||n/a|
Sempra Energy gained 1.25% in the last trading day ( Wednesday, 22nd May 2019 ), rising from 64.20€ to 65.00€ During day the stock fluctuated 1.71% from a day low at 64.20€ to a day high of 65.30€. The price has risen in 6 of the last 10 days and is up by 3.17% over the past 2 weeks. Volume fell in the last day by -9 647 712 shares, and in total, 515 625 shares bought and sold for approximately 33.52€ million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the SRE.L stock price was 66.60€ and low was 62.80€.
- 90 day high was 66.60€ and low was 59.40€.
- 52 week high for the Sempra Energy - 68.60€ and low - 55.40€.
Sempra Energy 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 3.36% during the next 3 months and, with 90% probability hold a price between 64.16€ and 69.41€ at the end of this period.
Only positive signals in the chart today. Sempra Energy holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately 65.07€. On a fall, the stock will find some support from the long-term average at approximately 64.27€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday May 21, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Sempra Energy finds support from accumulated volume at 64.20€.
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 1.10€ (1.71%) between high and low. For the last week, the stock has had a daily average volatility of 2.46%.
Our recommended stoploss: 61.75€ (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
2.46 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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