Sempra is a North American energy infrastructure company. Co. invests in, develops and operates energy infrastructure, providing electric and gas services. Co.'s segments include Sempra California, offering natural gas and electric services in Southern and central California through SDG&E and SoCalGas; Sempra Texas Utilities, which holds investments in Oncor and Sharyland Utilities, serving various Texas regions; and Sempra Infrastructure, which focuses on developing, building, operating and investing in energy infrastructure projects.
When researching a stock like Sempra Energy, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from SRE Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for SRE stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting SRE RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
45.88
Free SRE Email Alerts:
Video: RSI Indicator