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- 11/19/2021 -
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Sempra Energy (SRE)

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Summary:
Weekly :Williams' Percentage Range is oversoldPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Sempra Energy (SRE). During the week, the SRE climbed 0.66 points, or 0.54%, and closed at 122.76 on Friday, November 19, 2021. Weekly volume was -71% below average.

Long-term trend: [See SRE long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 88.00 and reached 144.93 on June 15, 2021. SRE gained -56.93 points, or -64.69%, in 64 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See SRE medium-term trend chart]
A medium-term downtrend had started on June 15, 2021 at 144.93 and reached 121.27 on November 11, 2021. SRE lost 23.66 points, or 16.33%, in 21 weeks. The price is now at the 6.30% 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 below its signal line since July 2, 2021. This is an indication that the medium-term trend is down. 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 September 16, 2021 at 137.61 and reached 121.27 on November 11, 2021. SRE lost 16.34 points, or 11.87%, in 56 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 120.84 and resistance is at 129.49. 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 short-term trend.

Daily Technical Indicators: [See SRE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since November 3, 2021. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.93
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 34.21
Greed/Fear Indicator (GFI) 27.46
Moving Average Converg./Diverg. (MACD) -1.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.84
Williams' Percentage Range (W%R) 87.30
Oversold
Lane's Stochastic (%D-Slow) 31.85
Greed/Fear Indicator (GFI) 29.53
Moving Average Converg./Diverg. (MACD) -0.76
Trading Signals
Description Value Chart
Upper Bollinger Band 131.33
Weekly Trendline Resistance 129.49
50 Day Moving Average 127.92
20 Day Moving Average 126.40
Weekly Stochastic Crossing 124.44
Daily Stochastic Crossing 123.62
Price 122.76
Parabolic System 121.57
Weekly Trendline Support 120.84
Lower Bollinger Band 119.96
Sector and Industry
Description Name Rank
Sector Utilities 3
Industry Electric Utilities 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 132.67
High Date 10/26/2021
Low 121.27
Low Date 11/11/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 129.49
Support 120.84
High 137.61
High Date 09/16/2021
Low 121.27
Low Date 11/11/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.93
High Date 06/15/2021
Low 121.27
Low Date 11/11/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.00
Low Date 03/23/2020
High 144.93
High Date 06/15/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 161.87
High Date 02/03/2020
Low 88.00
Low Date 03/23/2020
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.

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