Xcel Energy Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Xcel Energy Inc stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Xcel Energy Inc stock price fell by -0.578% on the last day (Thursday, 25th Apr 2024) from $55.33 to $55.01. During the last trading day the stock fluctuated 2.47% from a day low at $54.35 to a day high of $55.69. The price has risen in 6 of the last 10 days and is up by 2.84% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately $364.22 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $55.22 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.05% during the next 3 months and, with a 90% probability hold a price between $39.65 and $49.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XEL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.578%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Xcel Energy Inc 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 $54.61 and $53.14. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Xcel Energy Inc stock
Xcel Energy Inc finds support from accumulated volume at $52.69 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 $1.34 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: $53.38 (-2.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (XEL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Xcel Energy Inc to open at $55.02, and during the day (based on 14 day Average True Range), to move between $53.92 and $56.10, which gives a possible trading interval of +/-$1.09 (+/-1.98%) up or down from last closing price. If Xcel Energy Inc takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.69 (4.22%) than the resistance at $57.67 (4.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xcel Energy Inc stock A Buy?
Xcel Energy Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.990 Hold/Accumulate Downgraded
Predicted Opening Price for Xcel Energy Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $55.02 ( 0.0121%) | $55.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.36 | 2.45 % | |
| R2 | 55.84 | 1.52 % | ||
| R1 | 55.53 | 0.94 % | ||
| Current price: | 55.01 | |||
| Support | S1 | 54.50 | -0.92 % | |
| S2 | 54.19 | -1.49 % | ||
| S3 | 53.68 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.87 | 8.83 % | |
| R2 | 58.28 | 5.94 % | ||
| R1 | 57.67 | 4.84 % | ||
| Current price | 55.01 | |||
| Support | S1 | 52.69 | -4.22% | |
| S2 | 49.57 | -9.89% | ||
| S3 | 48.44 | -11.94% |
XEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 14, 2024 | Apr 20, 2024 | $0.548 | 1.00% |
| 2 | Dec 13, 2023 | Dec 28, 2023 | Jan 20, 2024 | $0.520 | 0.87% |
| 3 | Dec 13, 2023 | Dec 27, 2023 | Jan 20, 2024 | $0.520 | 0.87% |
| 4 | Aug 23, 2023 | Sep 15, 2023 | Oct 20, 2023 | $0.520 | 0.90% |
| 5 | Aug 23, 2023 | Sep 14, 2023 | Oct 20, 2023 | $0.520 | 0.90% |
FAQ
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