Eversource stock: buy or sell

ES stock price: $88.57 -1.12% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

2

Eversource stock brief

  • Eversource Energy stock sliced -1.12% to close at $88.57 on the stock market last Friday.
  • Looking at the chart, price is drawing an scaled downtrend since last November with lower tops and lower bottoms. shares price lost a -7.75% since the downtrend started.
  • Credit Suisse Group posted a sell rating for Eversource Energy last Friday, with a target of $81.00
  • 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 $ES will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Eversource Energy stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies help us to avoid impetuous decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, detailed strategies are very easy to follow but are only applicable for selling shares you already own, not for selling short Eversource Energy stock

A guiding principle is that you should not keep an investment that generates greater losses than those expected upon the buy. The timing to sell shares always has to 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 hold Eversource Energy shares and your operation is in profit probably is not time to sell now

Eversource Energy ratings

In the last month, 2 brokerage ratings were published for Eversource Energy

Eversource Energy analysts' ratings - Last 30 days
Brokerage firmRating
Jan 12th, 2021
KeyCorp Buy
Jan 15th, 2021
Credit Suisse Group Sell

Eversource Energy stock analysis

Eversource Energy accumulates a selloff of -7.75% since its latest peak last November at $96.01. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.

SMAs overview

ES stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $90.73 (2.44% above)
  • R2: $91.59 (3.41% above)
  • R3: $92.21 (4.11% above)
  • The current supports are:

  • S1: $87.09 (-1.67% below)
  • S2: $86.78 (-2.02% below)
  • S3: $85.83 (-3.09% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 8, the price sliced by 2.09%

    ES stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    ES stock RSI chart

    Eversource Energy stock price history

    Eversource Energy started trading 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. If you had invested thousand dollars in Eversource Energy stock at that time, it would be valued $inf today.

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

    ES stock price history chart

    Price target for Eversource Energy stock

    Nobody can predict how much a share will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions posted by brokerage institutions over the last 30 days. If you are a small investor you don't have to invest based on these projections.

    The average price target for Eversource Energy stock calculated from the table below is $87.00. Eversource Energy closed at $88.57 last Friday, that is a 1.80% than the predicted price.

    Eversource Energy stock price predictions
    Brokerage firmPrice target
    Jan 12th, 2021
    KeyCorp $98.00$93.00
    Jan 15th, 2021
    Credit Suisse Group $82.00$81.00

    Earnings and financials

    Last November, Eversource Energy ($ES) reported EPS for that matched Wall St. expectations. Quarterly EPS was $1.02 per share vs the estimates of $1.02. Company's sales was $2.3 billion versus $2.3 billion predicted by analysts.

    In contrast, the EPS for the same quarter last year was $0.98, so current EPS means a improvement of 4.08%. Looking at revenue, figures went up a 7.71% compared to $21.8B same quarter last year.

    Eversource ($ES) is hosting the Q4 earnings call mid next February. Wall Street predicts of $0.84, compared to Q3 that was $1.02.

    Eversource Energy performance

    ES performance compared
    Company1m3m6m
    Eversource Energy ($ES) 2.50% -2.00% 2.70%

    Disclaimer:
    The opinions given in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the specific circumstances of the reader, his or her own 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 general educational reasons only

    Eversource summary

    Friday, January 15th, 2021
    Open$89.16
    Close$88.57
    Day range$87.89 - $90.14
    Previous close$89.57
    Session gain-1.12%
    Average true range$2.60
    50d mov avg$87.68
    100d mov avg$86.86
    200d mov avg$85.06
    Earnings dateFebruary 17th, 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 2 ratings in the last 30 days: 1 bullish, 1 bearish and 0 neutral.

    Will ES go up?

    Eversource Energy had different price predictions published by analysts in the last 4 weeks forecasting the target price to $87.00. That is a 1.77% than the current price ($88.57).