Xcel Energy stock: buy or sell
Updated on:
Apr 22nd, 2021
2
Xcel Energy stock brief
- Xcel Energy closed on Wednesday at $71.32 after barely changing a -0.32% breaking a streak of 7 sessions in green.
- The price is currently above the upper Bollinger band, which is usually an indicator of a near-term correction
- KeyCorp posted a buy rating for Xcel Energy on Wednesday, targeting $74.00
- Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity.
Should I buy Xcel Energy 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 $XEL stock a buy?
Currently, Xcel Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $XEL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Xcel Energy stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies let us to avoid impulsive decisions based on our personal feelings or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to use but are only valid for selling shares you already own, not for selling short $XEL stock
As a golden rule, you must never mantain an investment that yields losses greater than those expected by the time of purchase. The moment to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Xcel Energy stock?
In the current situation of Xcel Energy there is not any eligible sell setup, so Xcel Energy stock holders with operations in profit can keep their positions
Xcel Energy ratings
In the last 30 days, 3 ratings were published for Xcel Energy. General sentiment is bearish, with 2 out of 3 publishing pesimistic outlooks for the mid and long term
| Brokerage firm | Rating |
|---|---|
| Mar 25th, 2021 | |
| Morgan Stanley | Sell |
| Apr 20th, 2021 | |
| Morgan Stanley | Sell |
| Apr 21st, 2021 | |
| KeyCorp | Buy |
Xcel Energy stock analysis
On April 1, the price broke out above the previous top at $66.51 on the downtrend started in November 2020. Since then, the price action resulted in a 7.23% profit.
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it tells that the price is currently maintaining a very strong trend and therefore can reverse the trend to the average. In this case, the price is above the upper band, meaning a near-term correction (at least) until it is under the band
Relative strength index
Climbed above the overbought line Wednesday, marking a value of 77.69. Contrary to what many investors may think, the fact that the value is above 70 does not imply a sell signal, as shares can be above 70 for many weeks and continue to gain
Xcel Energy stock price history
Xcel Energy went public on Feb 21st, 1973 at $0.00 per share1. Since then, XEL stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Xcel Energy stock on Feb 1973, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Xcel Energy stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and many times. Again, these estimates are not direct recommendations for small traders and should not be followed blindly.
The average price target for Xcel Energy stock calculated from the table below is $66.33. Xcel Energy closed at $71.32 on Wednesday, so the target price is expecting a drop by 7.00%.
| Brokerage firm | Price target |
|---|---|
| Mar 25th, 2021 | |
| Morgan Stanley | $59.00 → $60.00 |
| Apr 20th, 2021 | |
| Morgan Stanley | $60.00 → $65.00 |
| Apr 21st, 2021 | |
| KeyCorp | $71.00 → $74.00 |
Earnings and financials
Last January, Xcel Energy ($XEL) had the quarterly earnings call and released the report. Xcel Energy posted earnings of $0.54 per share on revenue of $2.9 billion. The consensus earnings estimate was $0.54 per share on revenue of $3.1 billion.
This compares to Earnings of $0.56 per share a year ago, so current EPS is a loss of -3.57%. Turnover moved up a 5.33% on an annualized basis in the , from $28.0B to $29.5B last quarter.Xcel Energy ($XEL) posts earnings report on Thursday next week. Market analysts analysts estimate of $0.61, that is a 12.96% higher than Q4.
Xcel Energy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Xcel Energy ($XEL) | 10.90% | 10.60% | 0.40% |
Important:
The thoughts contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the individual positions of the reader, his or her own finances 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 Comments are expressed for general educational reasons onlyXcel Energy summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $71.7 |
| Close | $71.32 |
| Day range | $70.93 - $72.23 |
| Previous close | $71.55 |
| Session gain | -0.32% |
| Average true range | $1.29 |
| 50d mov avg | $63.79 |
| 100d mov avg | $64.26 |
| 200d mov avg | $66.46 |
| Earnings date | April 29th, 2021 |