Lester Daniels's Avatar
published in Blogs
Mar 24, 2023

Xcel Energy (XEL, $63.31) was a top loser this week, declining -5.84%

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. 

Related Ticker: XEL

Momentum Indicator for XEL turns negative, indicating new downward trend

XEL saw its Momentum Indicator move below the 0 level on April 26, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for XEL turned negative on April 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

XEL moved below its 50-day moving average on May 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for XEL crossed bearishly below the 50-day moving average on May 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 Aroon Indicator for XEL entered a downward trend on May 26, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The 50-day moving average for XEL moved above the 200-day moving average on May 18, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XEL advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .

XEL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.

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 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 (2.105) is normal, around the industry mean (1.725). P/E Ratio (19.920) is within average values for comparable stocks, (43.822). Projected Growth (PEG Ratio) (3.157) is also within normal values, averaging (2.861). Dividend Yield (0.031) settles around the average of (0.051) among similar stocks. P/S Ratio (2.256) is also within normal values, averaging (3.414).

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.

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), Dominion Energy (NYSE:D), PG&E Corp (NYSE:PCG), NRG Energy (NYSE:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 16.91B. The market cap for tickers in the group ranges from 500 to 149.57B. NEE holds the highest valuation in this group at 149.57B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 6%. DIPGF experienced the highest price growth at 27%, while VIA experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -67%. For the same stocks of the Industry, the average monthly volume growth was -60% and the average quarterly volume growth was -14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 42
P/E Growth Rating: 69
Price Growth Rating: 50
SMR Rating: 79
Profit Risk Rating: 68
Seasonality Score: 9 (-100 ... +100)
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