XCEL ENERGY INC (XEL) Stock Technical Analysis
NASDAQ:XEL - Nasdaq - US98389B1008 - Common Stock - Currency: USD
Taking everything into account, XEL scores 2 out of 10 in our technical rating. Although XEL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, XEL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 68.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.42, a Stop Loss order could be placed below this zone.
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61.69
3 important support areas can be observed.
- A support zone ranging from 65.59 to 67.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.96 from a horizontal line in the daily time frame.
- Support @62.31 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 68.15 to 70.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.56 to 72.92. 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 | NEUTRAL | NEUTRAL | The long term trend for XEL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XEL is down. |
| ChartMill Relative Strength | 72.54 | POSITIVE | XEL has a high relative strength, it outperformed 72.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XEL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XEL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of XEL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.72 | NEUTRAL | The RSI value for XEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests XEL has a positive trend. |
| Stochastics (14,3) | 62.4 | NEUTRAL | The Stochastics value for XEL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for XEL suggests low volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for XEL suggests a weak or negative trend. |
67.75
+0.43 (+0.64%)