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Archive
- 4/5/2024 -
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Sempra Energy (SRE) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the Sempra Energy (SRE). During the week, the SRE dropped -1.31 points, or -1.82%, and closed at 70.52 on Friday, April 5, 2024. Weekly volume was 35% above average.
 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 6.01% 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 68.41 on February 13, 2024. SRE lost 9.38 points, or 12.06%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 68.99 and resistance is at 70.95. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 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 69.85 on April 5, 2024. SRE lost 2.41 points, or 3.34%, in 3 days. The price is now at the 27.80% retracement level.
Daily Technical Indicators: [See SRE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 26, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.65% on Friday. It is 75.93% 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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