FirstEnergy stock: buy or sell
Apr 16th, 2021
FirstEnergy stock brief
- FirstEnergy stock moved up 1.02% to close at $35.52 on the stock market today, after 3 consecutive sessions in positive.
- The price is currently over the upper Bollinger band, which is usually an indicator of a short-term correction
- From the chart point view, price is drawing a scaled uptrend since November 2020 with higher tops and higher bottoms. Up to date, price marked a 37.41% gain since the beginning of this rally
- FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States.
Should I buy FirstEnergy 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 $FE stock a buy?
In the current situation of FirstEnergy there is not any eligible buy setup. This doesn't mean $FE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell FirstEnergy stock?
"To sell or not to sell", if you are holding FirstEnergy shares?. Trading strategies prevent us from making rash decisions based on our moods or the buzz surrounding the market. We like very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies should not be used for selling short $FE stock
A golden rule is that you should not mantain a trade that results in losses greater than those expected upon purchase. When to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell FirstEnergy stock?
Currently, FirstEnergy stock doesn't match any of our preferred sell setups, so if you own FirstEnergy shares and your operation is in profit probably is not time to sell now
In the last 30 days we couldn't find any rating for FirstEnergy
FirstEnergy stock analysis
FirstEnergy stock started an uptrend in November 2020, and gained a gorgeous 37.41%. The chart shows higher highs and higher troughs, and along the way provided some buying opportunities for those who wanted to invest. Latest pullback was last February, when price bounced at $31.59. Currently, the price swings in a consolidation between its last top ($36.88) and its last bottom ($31.59)
Supports and resistances
The current resistances are:
The current support levels are:
The evolution of the Bollinger Bands on the chart reveals that they are relatively close to each other (less than 5%), which clearly means that price volatility is low. The compression of the Bollinger bands is usually a sign of a sharp price movement (up or down), so we must be watchful and manage our buy or sell orders accordingly
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Thursday was 63.69. Since that level was lost, FirstEnergy shares scarcely moved a 0.11%
FirstEnergy stock price history
FirstEnergy went public on Nov 10th, 1997 at $8.85 per share1. Since then, FE stock has risen by 301.36%, with an average of 13.10% per year. An investment of $1,000USD on the IPO would be valued $4,013.56 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for FirstEnergy stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and usually. If you are a small investor you should not trade based on these projections.
We don't have any target price posted in the previous 4 weeks for FirstEnergy.
Earnings and financials
Last February, FirstEnergy ($FE) hosted the financial event and released the report. FirstEnergy reported earnings of $0.32 per share on revenue of $2.5 billion. The market estimate was $0.47 per share on revenue of $2.9 billion.Same quarter last year, reported EPS was $0.55, so recently posted EPS is a drop of -41.82%. Revenue slided a -5.16% on an annualized basis in the , from $24.8B to $23.5B last quarter.
FirstEnergy ($FE) will host the earnings call next Thursday. Wall Street predicts of $0.69, compared to previous quarter that made $0.32.
Please read:The viewpoints given in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the specific positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for educative motives only
|Thursday, April 15th, 2021|
|Day range||$35.13 - $35.58|
|Average true range||$0.62|
|50d mov avg||$33.84|
|100d mov avg||$31.65|
|200d mov avg||$30.98|
|Earnings date||April 22nd, 2021|