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| Candlesticks Name: | Bearish Downside Gap Three Methods |
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- 4/5/2024 -
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Xcel Energy Inc (XEL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Xcel Energy Inc (XEL). During the week, the XEL gave back -0.22 points, or -0.41%, and closed at 53.53 on Friday, April 5, 2024. Weekly volume was 16% above average.
 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 trend support level is at 52.08 and resistance is at 61.59. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See XEL weekly technical indicators chart]
Weekly technical indicators are neutral.
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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 4, 2024 at 54.96 and reached 52.96 on April 5, 2024. XEL lost 2.00 points, or 3.64%, in 1 days. The price is now at the 28.5% retracement level.
Daily Technical Indicators: [See XEL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 14, 2024.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
6 |
| Industry |
Electric Utilities |
45 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
54.96 |
| High Date |
04/04/2024 |
| Low |
52.96 |
| Low Date |
04/05/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
54.96 |
| High Date |
04/04/2024 |
| Low |
52.96 |
| Low Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
46.79 |
| Low Date |
03/06/2024 |
| High |
54.96 |
| High Date |
04/04/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
64.25 |
| High Date |
01/04/2024 |
| Low |
46.79 |
| Low Date |
03/06/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
61.59 |
| Support |
52.08 |
| High |
77.66 |
| High Date |
09/12/2022 |
| Low |
46.79 |
| Low Date |
03/06/2024 |
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