What’s Next for Sempra Energy Stock?

Sempra Energy (SRE) is currently trading on par to its 50-day moving average while at a 4% discount to its 200-day moving average. Sempra Energy stock may see support at its 50-day moving average level in the short term.

However, there could be more downside if the stock breaks below this level. On the upside, its 200-day moving average may act as resistance in the near future.

Currently, Sempra Energy’s RSI (relative strength index) stands at 50. The RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone, while movements above 70 are considered to be in the “overbought” zone.