FirstEnergy stock: buy or sell

FE stock price: $38.14 -1.88% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

FirstEnergy stock brief

  • FirstEnergy stock fell -1.88% to close at $38.14 on the stock market on Wednesday.
  • The stock is configuring an uptrend pattern since November 2020, when it bottomed at $25.59. Up to date, price made a 49.04% gain since the beginning of this rally
  • On July 22, FirstEnergy made public its Q2 earnings report
  • 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?

In the current situation of FirstEnergy there is not any eligible buy setup. This doesn't mean we expect a selloff for $FE in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell FirstEnergy stock?

When is it time to sell FirstEnergy?. Trading strategies prevent us from making rash decisions based on our emotions or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling shares you already own, not for shorting FirstEnergy stock

A guiding principle is that you must never hold an operation that generates higher than expected losses at the time of purchase. The moment to sell shares must always be dictated 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 previous 30 days we couldn't find any rating for FirstEnergy

FirstEnergy stock analysis

Since in November 2020, FirstEnergy has been drawing an uptrend that by now marked a gorgeous 49.04%. The chart shows higher peaks and higher troughs, and along the way gave some buying opportunities for those who wanted to trade in. Latest pullback was on July 14, when price bounced at $36.87. Currently, the price trades in a consolidation between its last top ($39.74) and its last bottom ($36.87)

SMAs overview

FE stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $38.25 (0.29% above)
  • R2: $38.32 (0.47% above)
  • R3: $38.42 (0.73% above)
  • The current supports are:

  • S1: $37.19 (-2.49% below)
  • S2: $37.09 (-2.75% below)
  • S3: $36.87 (-3.33% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price corrected downwards by 2.48%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, 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 went public priced at an adjusted price1 of $8.76 on Nov 1997. Since then, FE stock surged by 335.39%, with an average of 14.58% per year. If you had invested thousand dollars in FirstEnergy stock on the IPO, it would be valued $4,353.88 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. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

    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 predictions follow the publication of new fundamental information by the company, and usually. If you are a small investor you must not invest based on these projections.

    We don't have any target price published in the previous month for FirstEnergy.

    Earnings and financials

    On July 22, FirstEnergy Corp. ($FE) reported adjusted EPS for that met Market expectations. Quarterly EPS was $0.59 per share versus the estimated $0.59. Reported sales were $2.6 billion, aligned with analysts' estimates as well.

    Same quarter last year, reported EPS was $0.57, so recently posted EPS is an increase of 3.51%. Sales merely moved on an annualized basis in the , from $25.2B to $26.2B last quarter.

    FirstEnergy ($FE) is releasing quarterly earnings report next November. Wall Street estimates of $0.82, compared to previous quarter that was $0.59.

    FirstEnergy performance

    FE performance compared
    Company1m3m6m
    FirstEnergy ($FE) 0.00% 3.00% 26.50%

    Disclaimer:
    The thoughts published in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the individual conditions 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 Opinions are posted for educative motives only

    FirstEnergy summary

    Wednesday, July 28th, 2021
    Open$38.96
    Close$38.14
    Day range$37.96 - $38.99
    Previous close$38.87
    Session gain-1.88%
    Average true range$0.88
    50d mov avg$37.88
    100d mov avg$36.67
    200d mov avg$33.36
    Earnings dateNovember 1st, 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 had no ratings in the last four weeks Read the article to get additional tips on trading FE stock.

    Will FE go up?

    There were no price targets issued by analysts in the last 4 weeks for FirstEnergy.