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When Will Exelon Power on Investor Returns?

PART:
1 2 3 4 5 6 7 8 9 10 11 12
Part 11
When Will Exelon Power on Investor Returns? PART 11 OF 12

Reading Exelon’s Chart Indicators and Short Interest

Moving averages

Exelon (EXC) stock has been trending downward from last month, which is similar to the trend we’ve seen among broader utilities. Exelon stock is currently trading 1% below its 50-day average and 2% above its 200-day moving average.

This weakness in the stock might become prominent if the stock crosses below its 200-day moving average level—around $36.20. The stock is currently trading at $36.91.

Reading Exelon’s Chart Indicators and Short Interest

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Relative strength index

Exelon’s current RSI (relative strength index) levels indicate that the stock is trading in the oversold zone. On September 20, 2017, EXC had an RSI of nearly 28—its lowest in the last 14-day period.

Technical analysts believe that RSI levels below 30 are in the oversold zone, while RSI over 70 are in the overbought zone. RSI at extremes can result in a reversal of the stock’s direction.

Short interest

According to a recent report, short interest in Exelon stock jumped 9% on August 31, 2017. Total shorted shares in Exelon totaled 11.9 million on August 15 and increased to 13.0 million on August 31, 2017.

Short interest denotes the shares that are sold short and not yet squared off, and the metric represents investor anxiety. The increased short interest in EXC could mean that a higher number of investors expect the stock to fall from its current levels.

You can learn more about the chart indicators of the Utilities Select Sector SPDR ETF (XLU) constituents in Market Realist’s series What Drove US Utility Stocks Last Week.

In the next and final part of this series, we’ll assess what the analysts are saying about Exelon now.

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