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Uptrend SupportArchive
- 4/19/2024 -
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Sempra Energy (SRE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Sempra Energy (SRE). During the week, the SRE gained 1.39 points, or 2.02%, and closed at 70.08 on Friday, April 19, 2024. Weekly volume was 40% above average.
SRE is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SRE long-term trend chart]
A long-term downtrend had started on September 12, 2022 at 176.47 and reached 63.75 on October 3, 2023. SRE lost 112.72 points, or 63.87%, in 55 weeks. The price is now at the 5.62% retracement level.
Medium-term trend: [See SRE medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 77.79 and reached 66.40 on April 16, 2024. SRE lost 11.39 points, or 14.64%, in 17 weeks. The price is now at the 32.31% retracement level.
 Weekly Technical Indicators: [See SRE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See SRE short-term trend chart]
A short-term downtrend had started on April 2, 2024 at 72.26 and reached 66.40 on April 16, 2024. SRE lost 5.86 points, or 8.11%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 64.92 and resistance is at 70.88. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See SRE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 8.22% on Friday. It is 56.93% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See SRE candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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