The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

Xcel Energy Inc (XEL) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold sectorStochastic signal line moved above oversold areaTrend support at 52.26
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a second consecutive positive week for the Xcel Energy Inc (XEL). During the week, the XEL gained 0.97 points, or 1.90%, and closed at 51.99 on Friday, March 15, 2024. Weekly volume was 121% above average.

XEL is a member of Utilities Sector. Utilities is the most oversold 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 XEL long-term trend chart]
A long-term downtrend had started on September 12, 2022 at 77.66 and reached 46.79 on March 6, 2024. XEL lost 30.87 points, or 39.75%, in 77 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (52.26) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See XEL medium-term trend chart]
A medium-term downtrend had started on January 4, 2024 at 64.25 and reached 46.79 on March 6, 2024. XEL lost 17.46 points, or 27.18%, in 8 weeks. The price is now at the 29.78% retracement level.

Weekly Technical Indicators: [See XEL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See XEL short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 53.30 and reached 50.76 on March 14, 2024. XEL lost 2.54 points, or 4.77%, in 3 days. The price is now at the 48.43% retracement level.

Daily Technical Indicators: [See XEL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The distance between the Bollinger Bands is 267.10% higher then one year average. It indicates the period of high 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.40
Williams' Percentage Range (W%R) 62.90
Lane's Stochastic (%D-Slow) 66.41
Greed/Fear Indicator (GFI) 45.98
Moving Average Converg./Diverg. (MACD) -2.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.51
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 20.65
Greed/Fear Indicator (GFI) 28.92
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
Yearly Trendline Resistance 62.13
Upper Bollinger Band 61.74
50 Day Moving Average 57.66
20 Day Moving Average 54.12
Yearly Trendline Support 52.26
Price 51.99
Daily Stochastic Crossing 51.32
Weekly Stochastic Crossing 49.82
Parabolic System 47.25
Lower Bollinger Band 45.60
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.30
High Date 03/11/2024
Low 50.76
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.30
High Date 03/11/2024
Low 50.76
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.79
Low Date 03/06/2024
High 53.30
High Date 03/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.25
High Date 01/04/2024
Low 46.79
Low Date 03/06/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 62.13
Support 52.26
High 77.66
High Date 09/12/2022
Low 46.79
Low Date 03/06/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.