SRE Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for SRE's stock price next week:
Technical Analysis
- RSI(14) at 44.26 indicates the stock is approaching oversold territory but not yet oversold
- MACD at -1.25 shows bearish momentum
- Current price is below both SMA-20 (84.25) and SMA-60 (87.33), indicating a downward trend
- Fibonacci levels show key support at 77.98 and resistance at 85.93
News Impact
- Recent insider selling: SVP Peter R Wall sold 3,923 shares on Jan 23, 2025
- Mixed institutional sentiment with 553 institutions increasing positions while 410 reducing
- Positive catalyst: Trump's order to resume LNG export permits benefits SRE's Port Arthur LNG project
Price Prediction Target price range for next week:
- Support: $77.98 (Fibonacci S1)
- Resistance: $82.42 (Recent high)
The stock is likely to trade between $78-$82 next week, with higher probability of testing the support level due to:
- Negative technical indicators (MACD, price below moving averages)
- Recent insider selling
- Mixed institutional sentiment
Trading Recommendation: SELL
- Entry: Current market price
- Stop loss: $83.00
- Target: $78.00
- Risk/Reward ratio: 1:2
The bearish recommendation is based on the combination of weak technical indicators, insider selling activity, and price trading below key moving averages, despite positive news about LNG export permits.
SRE Similar Chart Price Prediction
The price of SRE is predicted to go up -3.69%, based on the high correlation periods with BPT. The similarity of these two price pattern on the periods is 94.68%.
SRE
BPT
Down: -3.69%Similarity: 94.68%
SRE Revenue Forecast
SRE EPS Forecast
SRE FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
SRE VS S&P500
Opportunities for rate base growth at Sempra's utilities are above average, and California and Texas regulation generally allows timely recovery of capital expenditures and a dynamic cost of capital.
Sempra's management team has been adept at recycling capital and directing capital toward regulated utility investment and regulated-like infrastructure development.
Amid a renewed global focus on energy security, Sempra is seeing significant interest in the company's LNG terminal development opportunities.
SRE Analyst's Forecast
Eric Beaumont
Barclays
Buy
Price Target
$89 → $99
Upside
+7.49%
Barclays analyst Nicholas Campanella raised the firm's price target on Sempra Energy to $99 from $89 and keeps an Overweight rating on the shares. The firm updated the company's model post the Q3 report. It continues to expect a full guidance refresh in February 2025 from Sempra Energy, and updated the model to reflect the latest projection including potential higher capital program driven by Texas growth.
Julien Dumoulin-Smith
Jefferies
Strong Buy
Price Target
$98
Upside
+14.21%
Eric Beaumont
Barclays
Buy
Price Target
$87 → $89
Upside
+6.04%