FirstEnergy stock: buy or sell

FE stock price: $31.93 0.22% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

1

FirstEnergy stock brief

  • FirstEnergy stock merely changed 0.22% to close at $31.93 on the stock market today, after 3 consecutive sessions in positive.
  • On Monday broke out above its latest top at $31.70
  • FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States.

Should I buy FirstEnergy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?

Currently, FirstEnergy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. 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?

When you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your benefits. Trading strategies prevent us from making rash decisions based on our feelings or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups are not intended for shorting FirstEnergy stock

A golden rule is that you should not hold an open trade that leads to higher than expected losses at the time of purchase. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell FirstEnergy stock?

In the current situation of FirstEnergy there is not any eligible sell setup, so FirstEnergy stock holders with operations in green can keep their positions

FirstEnergy ratings

In the last month, 3 analyst ratings were published for FirstEnergy

FirstEnergy analysts' ratings - Last month
Brokerage firmRating
Jan 6th, 2021
Wells Fargo & Company
Jan 20th, 2021
Morgan Stanley Buy
Jan 21st, 2021
Mizuho Neutral

FirstEnergy stock analysis

SMAs overview

FE stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $32.34 (1.28% above)
  • R2: $32.36 (1.35% above)
  • R3: $32.62 (2.16% above)
  • The current support levels are:

  • S1: $31.86 (-0.22% below)
  • S2: $31.82 (-0.34% below)
  • S3: $31.71 (-0.69% below)
  • Bollinger bands

    The price is trading near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    FE stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    FE stock RSI chart

    FirstEnergy stock price history

    FirstEnergy started trading priced at an adjusted price1 of $8.96 on Nov 1997. Since then, FE stock surged by 256.36%, with an average of 11.15% per year. If you had invested thousand dollars in FirstEnergy stock on the IPO, it would worth $3,563.62 today.

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

    FE stock price history chart

    Price target for FirstEnergy stock

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

    Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial data by the company, and many times. Again, these predictions are not direct recommendations for individual traders and should not be trusted blindly.

    The average price target for FirstEnergy stock calculated from the table below is $33.33. FirstEnergy closed at $31.93 on Tuesday, so the target price is predicting an increase by 4.38%.

    FirstEnergy stock price predictions
    Brokerage firmPrice target
    Jan 6th, 2021
    Wells Fargo & Company $31.00$32.00
    Jan 20th, 2021
    Morgan Stanley $40.00$39.00
    Jan 21st, 2021
    Mizuho $30.00$29.00

    Earnings and financials

    Last November, FirstEnergy Corp. ($FE) posted adjusted EPS for that improved Wall St. expectations. Quarterly EPS was $0.84 per share compared to the forecasted $0.76. This quarterly report represents an earnings surprise of 10.53%. On the contrary, reported sales were $3.0 billion, consistent with analysts' estimates.

    This compares to Earnings of $0.76 per share same quarter last year, so current EPS is an improvement of 10.53%. Turnover slightly changed on an annualized basis in the , from $29.6B to $30.2B last quarter.

    FirstEnergy ($FE) is hosting the quarterly earnings call on Friday next week. Estimated for this quarter is $0.49, compared to $0.84 that was reported for Q3.

    FirstEnergy performance

    FE performance compared
    Company1m3m6m
    FirstEnergy ($FE) 8.60% -2.10% 13.10%

    Disclaimer:
    The viewpoints written in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the specific scenarios of the reader, his or her 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 published for general educational motives only

    FirstEnergy summary

    Tuesday, January 26th, 2021
    Open$31.94
    Close$31.93
    Day range$31.64 - $32.13
    Previous close$31.86
    Session gain0.22%
    Average true range$0.81
    50d mov avg$29.61
    100d mov avg$29.69
    200d mov avg$33.09
    Earnings dateFebruary 5th, 2021

    Frequently asked questions

    What is FirstEnergy stock symbol?

    FirstEnergy Corp. is a public company trading in the US stock market with the FE symbol

    Is FirstEnergy stock a buy or sell?

    FirstEnergy received 3 ratings in the last 30 days: 1 bullish, 0 bearish and 1 neutral.

    Will FE go up?

    FirstEnergy had different price forecasts issued by market analysts in the last 4 weeks forecasting the target price to $33.33. That is a 4.38% than the current price ($31.93).