Eversource stock: buy or sell

ES stock price: $89.53 -1.16% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Eversource stock brief

  • Eversource Energy closed on Wednesday at $89.53 after sliding a -1.16%.
  • Looking at the chart, price is drawing an scaled downtrend since November 2020 with lower tops and lower bottoms. this downtrend marked a -6.04% loss(from its highs at $95.29).
  • Credit Suisse Group and Morgan Stanley published bearish ratings for Eversource Energy on Tuesday, with an average target of $88.00
  • Eversource Energy, a public utility holding company, engages in the energy delivery business.

Should I buy Eversource Energy stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ES stock a buy?

In the current situation of Eversource Energy there is not any eligible buy setup. This doesn't mean we expect a selloff for $ES in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Eversource Energy stock?

"To sell or not to sell", if you are holding Eversource Energy stock?. Similarly to when we have to buy shares, choosing when is appropiate time to sell is not a capricious decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very easy to follow and are only applicable for selling shares you already own, not for shorting $ES stock

As a rule of thumb, you should not mantain an open trade that leads to greater losses than those expected upon purchase. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Eversource Energy stock?

Currently, Eversource Energy stock doesn't match any of our preferred sell setups, so if you own Eversource Energy stock and your operation is in profit probably is not time to sell now

Eversource Energy ratings

In the last month, 5 brokerage ratings were published for Eversource Energy. General sentiment is bearish, with 3 out of 5 publishing negative forecasts for the mid and long term

Eversource Energy analysts' ratings - Last 30 days
Brokerage firmRating
Mar 25th, 2021
Morgan Stanley Sell
Apr 8th, 2021
Mizuho Neutral
Apr 14th, 2021
Mizuho Neutral
Apr 20th, 2021
Credit Suisse Group Sell
Morgan Stanley Sell

Eversource Energy stock analysis

From a technical standpoint, Eversource Energy continues trending lower since November 2020, and has lost a -6.04%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.

SMAs overview

ES stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $90.05 (0.58% above)
  • R2: $90.90 (1.53% above)
  • R3: $91.52 (2.22% above)
  • The current support levels are:

  • S1: $86.43 (-3.46% below)
  • S2: $86.13 (-3.80% below)
  • S3: $85.19 (-4.85% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price dropped by 1.77%. The price is moving very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks

    ES stock Bollinger Bands chart

    Relative strength index

    After breaking out the line of 70 yesterday, fell back below with a reading of 64.62. This is a signal of weakness for the stock and it must raise our awarness of weakness in the stock price

    ES stock RSI chart

    Eversource Energy stock price history

    Eversource Energy went public priced at an adjusted price1 of $0.00 on Feb 1973. Since then, ES stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would have a value of $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    ES stock price history chart

    Price target for Eversource Energy stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price target posted by brokerage institutions in the last 30 days. If you are a small trader you should not invest based on these predictions.

    The average price target for Eversource Energy stock calculated from the table below is $86.25. Eversource Energy closed at $89.53 on Wednesday, that is a 3.80% than the target price.

    Eversource Energy stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    Morgan Stanley $79.00$80.00
    Apr 8th, 2021
    Mizuho Not available
    Apr 14th, 2021
    Mizuho $89.00
    Apr 20th, 2021
    Credit Suisse Group $81.00$89.00
    Morgan Stanley $80.00$87.00

    Earnings and financials

    Financial call was hosted by Eversource Energy ($ES) last February after posting the financial report. Wall St. was right in their projections regarding Eversource Energy's which published $0.85 per share. On the other hand, reported sales were $2.2 billion compared to estimates of $2.1 billion.

    This compares to Earnings of $0.76 per share same quarter last year, so reported EPS means a gain of 11.84%. Looking at turnover, figures climbed a 8.95% compared to $20.5B same quarter 12 months ago.

    Eversource ($ES) presents quarterly financial report next Wednesday. Expected for this quarter is $1.09, compared to $0.85 that was reported for Q4.

    Eversource Energy performance

    ES performance compared
    Company1m3m6m
    Eversource Energy ($ES) 8.50% 3.40% -0.90%

    Important note:
    The comments written in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the specific situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for education reasons only

    Eversource summary

    Wednesday, April 21st, 2021
    Open$90.36
    Close$89.53
    Day range$89.3 - $91.2
    Previous close$90.58
    Session gain-1.16%
    Average true range$1.53
    50d mov avg$83.81
    100d mov avg$85.02
    200d mov avg$85.63
    Earnings dateMay 5th, 2021

    Frequently asked questions

    What is Eversource Energy stock symbol?

    Eversource Energy is a public company trading in the US stock market with the ES symbol

    Is Eversource Energy stock a buy or sell?

    Eversource Energy received 5 ratings in the last 30 days: 0 bullish, 3 bearish and 2 neutral.

    Will ES go up?

    Eversource Energy had different price forecasts issued by analysts in the last 30 days setting the target price to $86.25. That is a 3.66% than the current price ($89.53).