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Downtrend ResistanceArchive - 4/26/2024 - Sign In to see current Signals. |
Sempra Energy (SRE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Sempra Energy (SRE). During the week, the SRE gained 1.24 points, or 1.77%, and closed at 71.32 on Friday, April 26, 2024. Weekly volume was 21% 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 6.72% retracement level. Medium-term trend: [See SRE medium-term trend chart] A medium-term downtrend had started on March 11, 2024 at 72.57 and reached 66.40 on April 16, 2024. SRE lost 6.17 points, or 8.50%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (71.89). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend. Weekly Technical Indicators: [See SRE weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 17, 2023. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help. Short-term trend: [See SRE short-term trend chart] A short-term uptrend had started on April 16, 2024 at 66.40 and reached 72.36 on April 26, 2024. SRE gained -5.96 points, or -8.98%, in 10 days. The price is now at the 17.45% retracement level. Daily Technical Indicators: [See SRE daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 8.69% on Friday. It is 54.35% 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. During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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