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- 11/22/2024 -
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Sempra Energy (SRE) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergenceThe Bollinger Bands are historically far apart
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It was a third consecutive positive week for the Sempra Energy (SRE). During the week, the SRE gained 3.18 points, or 3.47%, and closed at 94.91 on Friday, November 22, 2024. Weekly volume was -27% below 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 27.64% retracement level.

Medium-term trend: [See SRE medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 63.75 and reached 95.22 on November 22, 2024. SRE gained -31.47 points, or -49.36%, in 59 weeks. Price is near the trend high.

Weekly Technical Indicators: [See SRE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 November 4, 2024 at 80.11 and reached 95.22 on November 22, 2024. SRE gained -15.11 points, or -18.86%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See SRE daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since November 6, 2024. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands (19.68%) is close to one year high (16.53%). It is 188.52% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 88.86
Overbought
Williams' Percentage Range (W%R) 1.50
Strong Overbought
Lane's Stochastic (%D-Slow) 93.68
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 93.68
Strong Overbought
Moving Average Converg./Diverg. (MACD) 2.24 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.83
Williams' Percentage Range (W%R) 1.10
Strong Overbought
Lane's Stochastic (%D-Slow) 77.44
Bearish
Greed/Fear Indicator (GFI) 79.87
Moving Average Converg./Diverg. (MACD) 1.93
Trading Signals
Description Value Chart
Upper Bollinger Band 99.29
Price 94.91
Daily Stochastic Crossing 94.87
Weekly Stochastic Crossing 91.63
Parabolic System 91.41
20 Day Moving Average 88.87
50 Day Moving Average 85.67
Lower Bollinger Band 80.60
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.43
Low Date 11/14/2024
High 95.22
High Date 11/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 80.11
Low Date 11/04/2024
High 95.22
High Date 11/22/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.40
Low Date 04/16/2024
High 95.22
High Date 11/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.75
Low Date 10/03/2023
High 95.22
High Date 11/22/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 176.47
High Date 09/12/2022
Low 63.75
Low Date 10/03/2023
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.