Sempra Energy Forecast and Stock Analysis
Technical SRE.L stock analysis for March 18, 2019.
|Shorts||12.30% ( 2019-02-28 )|
Sempra Energy fell by -1.87% in the last day from 64.20€ to 63.00€ The price has risen in 5 of the last 10 days and is up by 0.96% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -236 497 shares and in total 819 189 shares bought and sold for approximately 51.61€ million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the SRE.L stock was 63.00€. This is 1.87% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 3.90% from a day low at 61.60€ to a day high of 64.00€.
30 day high of the SRE.L stock price was 65.00€ and low was 59.40€.
90 day high was 65.00€ and low was 58.00€.
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 6.42% during the next 3 months and, with 90% probability hold a price between 64.69€ and 71.00€ at the end of this period.
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 63.46€. On a fall, the stock will find some support from the long-term average at approximately 62.73€. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday March 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 62.40€.
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 2.40€ (3.90%) between high and low. For the last week, the stock has had a daily average volatility of 2.82%.
Our recommended stoploss: 59.99€ (-4.77%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
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Evaluation: Buy Candidate
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.