pool adsWhen the Price of Sempra Energy $SRE Talks, People Listen
This is not EF Hutton, but it could be more powerful. A picture speaks a thousand words, they say, and the price action of Sempra Energy (NYSE: SRE) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for SRE can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Neutral |
| P1 | 0 | 0 | 120.19 |
| P2 | 115.75 | 117.28 | 127.32 |
| P3 | 118.42 | 120.77 | 132.67 |
Support and Resistance Plot Chart for SRE
Long Term Trading Plans for SRE
March 2, 2021, 12:15 pm ET
The Technical Summary and Trading Plans for SRE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SRE Report.
SRE - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
SRE - (Short) Resistance Plan
The technical summary data is suggesting a short of SRE as it gets near 120.19, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 120.54. 120.19 is the first level of resistance above 117.79, and by rule, any test of resistance is a short signal. In this case, if resistance 120.19 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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