XCEL ENERGY INC (XEL) Stock Technical Analysis
NASDAQ:XEL • US98389B1008
Taking everything into account, XEL scores 8 out of 10 in our technical rating. Although XEL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- XEL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month XEL has a been trading in the 74.11 - 84.23 range, which is quite wide. It is currently trading near the high of this range.
- XEL has an average volume of 5643080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, XEL turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- XEL is part of the Electric Utilities industry. There are 46 other stocks in this industry, XEL did better than 53% of them.
Although XEL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
70.26
We found 3 important support areas.
- A support zone ranging from 75.17 to 75.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 72.56 to 73.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 70.97 to 71.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 83.37 to 83.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for XEL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XEL is up. |
| ChartMill Relative Strength | 62.23 | NEUTRAL | XEL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XEL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XEL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.76 | OVERBOUGHT | The high RSI value suggests XEL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests XEL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.02 | OVERBOUGHT | The high Stochastics value suggests XEL may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for XEL suggests low volalility. |
| Average Directional Index/ADX (14) | 28.36 | POSITIVE | The high ADX value value for XEL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.92 | 79.36 | 4.56 (5.43%) | 18.40% |
| An entry @83.92. This is a Buy Stop order right above the resistance zone. | An exit @79.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.56 points, which is 5.43%. | When investing 18.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
83.36
-0.11 (-0.13%)
XCEL ENERGY INC / XEL FAQ
Can you provide the ChartMill technical rating for XCEL ENERGY INC?
ChartMill assigns a technical rating of 8 / 10 to XEL.
What is the trend direction for XEL stock?
The current trend direction for XCEL ENERGY INC (XEL) is Bullish.
What is the RSI signal for XEL stock?
XCEL ENERGY INC (XEL) has an RSI value of 70.7573. This indicates that the stock is currently overbought.
What is the short term momentum for XCEL ENERGY INC (XEL) stock?
The short term momentum for XCEL ENERGY INC (XEL) is positive.
Can you provide the buy/sell signal for XCEL ENERGY INC?
The buy/sell signal for XCEL ENERGY INC (XEL) is buy as both the short term and long term trends are positive.