Xcel Energy (XEL) was among the top losers in the Electric Utilities Industry this week, declining by 5.84% to close at $63.31 per share. The technical analysis indicates that XEL's Momentum Indicator has turned negative, indicating a new downward trend. This may be a sign that the stock could continue to decline in the coming days.
Out of the 207 stocks analyzed in the Electric Utilities Industry, only 15 exhibited an uptrend while 192 were in a downtrend. This suggests that XEL is part of a larger trend of declining stocks within the industry.
Traders may want to consider selling the stock or exploring put options in light of the negative momentum. Tickeron's A.I.dvisor, which analyzed 89 similar instances where the indicator turned negative, found that in 45 of the cases, the stock moved further down in the following days. This means that there is a 51% chance of XEL declining further.
It is worth noting that XEL's decline this week could be attributed to a number of factors, including broader market trends, company-specific news, or changes in industry dynamics. However, the technical analysis suggests that the stock's downward momentum is likely to continue in the short term.
Xcel Energy (XEL) was a top weekly loser in the Electric Utilities Industry, declining by 5.84% to close at $63.31 per share. The negative Momentum Indicator suggests that the stock may be shifting into a new downward trend, with a 51% chance of further decline.
XEL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where XEL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 19, 2024. You may want to consider a long position or call options on XEL as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
XEL moved above its 50-day moving average on April 19, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for XEL crossed bullishly above the 50-day moving average on April 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XEL advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 249 cases where XEL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XEL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.680) is normal, around the industry mean (1.706). P/E Ratio (16.604) is within average values for comparable stocks, (23.333). Projected Growth (PEG Ratio) (2.352) is also within normal values, averaging (2.620). Dividend Yield (0.040) settles around the average of (0.074) among similar stocks. P/S Ratio (2.071) is also within normal values, averaging (3.505).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. XEL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. XEL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of electric and natural gas utility services
Industry ElectricUtilities