Where Xcel Energy Stock Might Go in the Near Future
As of January 20, 2017, Xcel Energy (XEL) stock was trading at a 3.0% premium and at a marginal discount to its 50-day and 200-day moving averages (or DMA). Its 50-DMA of $40 may act as a support in the near term. Once the stock crosses above its 200-DMA, it may see a bullish trend.
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Relative strength index
Currently, Xcel’s RSI (relative strength index) stands at 57. RSI is a momentum indicator made up of values between zero and 100. Movements below 30 are considered in the “oversold” zone, while movements above 70 are considered in the “overbought” zone and can hint at an imminent reversal in the stock price.