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RDEIY
Stock ticker: OTC
AS OF
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Capitalization
9.04B

RDEIY Redeia Corporacion SA Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RDEIY with price predictions
07:00 PM EST Nov 27, 2023

RDEIY in +1.31% Uptrend, advancing for three consecutive days on November 28, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where RDEIY advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 09, 2023. You may want to consider a long position or call options on RDEIY as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RDEIY just turned positive on November 14, 2023. Looking at past instances where RDEIY's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

RDEIY moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RDEIY crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 .

The Aroon Indicator entered an Uptrend today. In of 250 cases where RDEIY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 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 RDEIY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RDEIY broke above its upper Bollinger Band on November 16, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.468) is normal, around the industry mean (1.562). P/E Ratio (12.151) is within average values for comparable stocks, (21.376). RDEIY's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.609). Dividend Yield (0.066) settles around the average of (0.051) among similar stocks. P/S Ratio (3.957) is also within normal values, averaging (3.246).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. RDEIY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.

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.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), 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 16.44B. The market cap for tickers in the group ranges from 500 to 118.14B. NEE holds the highest valuation in this group at 118.14B. 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 5%, and the average quarterly price growth was -3%. EUSP experienced the highest price growth at 40%, while CIG experienced the biggest fall at -16%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was 15%. For the same stocks of the Industry, the average monthly volume growth was 0% and the average quarterly volume growth was -4%

Fundamental Analysis Ratings

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

Valuation Rating: 40
P/E Growth Rating: 69
Price Growth Rating: 49
SMR Rating: 79
Profit Risk Rating: 72
Seasonality Score: 17 (-100 ... +100)
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published Dividends

RDEIY paid dividends on July 18, 2023

Redeia Corporacion SA RDEIY Stock Dividends
А dividend of $0.79 per share was paid with a record date of July 18, 2023, and an ex-dividend date of June 29, 2023. Read more...
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published General Information

General Information

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
N/A
Address
Paseo del Conde de los Gaitanes, 177
Phone
+34 916508500
Employees
2420
Web
https://www.ree.es
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Groups containing RDEIY

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RDEIY
1D Price
Change %
RDEIY100%
+0.70%
Utilities
(undefined stocks)
50%
Loosely correlated
+0.49%
Electric Utilities
(undefined stocks)
45%
Loosely correlated
+0.30%