ES Price Prediction Next Week
ES Stock Price Prediction and Recommendation
Technical Analysis:
Eversource Energy (ES) is currently trading at $60.66 as of 2025-03-10. Based on the Fibonacci levels, the stock has a pivot point at $61.31, with resistance levels at $63.79 and $65.33, and support levels at $58.83 and $57.29.
The Relative Strength Index (RSI) for ES is currently at 49.40 (RSI_6), 50.69 (RSI_12), and 51.22 (RSI_14), indicating a neutral position. The Stochastic Oscillator shows %K at 20.45 and %D at 20.71, suggesting the stock is in the oversold region. The MACD is slightly bullish at 0.35.
News and Sentiment Analysis:
The Utilities sector, including ES, has shown strength with a 1.7% increase, supported by positive performance in the Utilities Select Sector SPDR ETF (XLU), which is up 2.0% on the day and 2.29% year-to-date. Analysts have set a target price of $69.31 for ES, indicating a potential upside of 17.90% from its current price.
Prediction and Recommendation:
Based on the analysis, ES is expected to test the resistance level at $63.79. If it breaks above this level, the next target could be $65.33. However, if it fails to break above the pivot point at $61.31, the stock may drop to the support level at $58.83.
Buy Recommendation:
Target Price: $63.79
Stop-Loss: $58.83
The stock is expected to move upwards due to positive sector performance and analyst sentiment.
ES Similar Chart Price Prediction
The price of ES is predicted to go up 4.74%, based on the high correlation periods with DCI. The similarity of these two price pattern on the periods is 96.26%.
ES
DCI
Up: 4.74%Similarity: 96.26%
ES Revenue Forecast
ES EPS Forecast
ES FAQs
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ES VS S&P500
Eversource raised its dividend to $2.86 per share annualized for 2024, maintaining a string of 6% dividend increases that we think can continue for several more years.
State renewable energy mandates present a huge challenge for the Northeast's energy infrastructure and a growth opportunity for Eversource.
Even though federal transmission returns have come down, they still represent a premium to state-allowed returns, driving earnings growth.
ES Analyst's Forecast
Neil Kalton
Wells Fargo
Buy
2025-02-13
Price Target
$79 → $75
Upside
+20%
Wells Fargo analyst Neil Kalton lowered the firm's price target on Eversource to $75 from $79 on a lower assumed relative price to earnings multiple, while keeping an Overweight rating on the shares. The firm is updating its EPS outlook post the Q4 disclosures. While there are only modest increases to its estimates, Wells says there are several potholes to negotiate.
Andrew Weisel
Scotiabank
Hold → Sell
2024-12-12
Price Target
$66 → $56
Downside
-6.34%
Paul Zimbardo
Jefferies
Sell
2024-12-03
Price Target
$52
Downside
-13.32%
