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Inside Xcel Energy's Key Indicators: What Recent Changes Suggest

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Part 2
Inside Xcel Energy's Key Indicators: What Recent Changes Suggest PART 2 OF 7

Xcel Energy Strength, by Chart Indicators

Xcel Energy’s chart indicators

Xcel Energy (XEL) looks strong, based on its chart indicators. On April 11, 2017, the stock was trading 3% and 7% above its 50-day and 200-day MA (moving averages), respectively, and this fair premium to both moving average levels highlights strength in the stock. That its 50-day MA has crossed above its 200-day MA can also be considered a bullish sign.

Xcel Energy Strength, by Chart Indicators

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Xcel Energy’s 50-day MA, or levels around $43.35, may act as support in the short term. We should note that when a stock price rises above or falls below a moving average, it’s considered a bullish or bearish sign, respectively.

Relative strength index

The RSI (relative strength index) is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone, whereas movements above 70 are considered to be in the “overbought” zone and could hint at an imminent reversal in the stock.

Xcel Energy’s RSI stands at 56 right now.

XEL stock has been doing much better than many of its large-cap peers in the past year, having risen 10%. By comparison, Southern Company (SO) has fallen 2% in the past year, while peer Duke Energy (DUK) managed to gain 3% during the same period.

Renewables giant NextEra Energy (NEE) has outwitted peers soaring 12%, while the Utilities Select Sector SPDR’s (XLU) rose ~5% during the same period.

Now let’s look at current valuations.

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