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How FirstEnergy Stock Ranks against Peers

Vineet Kulkarni - Author

Mar. 20 2018, Published 2:42 p.m. ET

Moving averages

FirstEnergy (FE) has been one of the top-performing stocks among the S&P 500 Utilities Index (XLU) this year. It has rallied more than 10% while broader utilities (VPU) have corrected almost 4% so far this year. Interestingly, FirstEnergy stock continues to look strong, given its current chart indicators.

On March 19, FE was trading 6% above its 50-day moving average and 6% above its 200-day moving average. The fair premium to both these support levels suggests strength in the stock. FirstEnergy’s 50-day moving average level surpassing its 200-day moving average could also be considered a bullish signal in the short term.

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Relative strength index

FirstEnergy stock is currently trading at an RSI (relative strength index) of 70—almost in the overbought zone. RSI values above 70 are considered to be in the “overbought” zone, while values below 30 are considered to be in the “oversold” zone. An RSI score at either extreme suggests an imminent reversal in the stock’s direction.

FirstEnergy is currently trading at a 4% discount to its 52-week high of $35.2. It has rallied more than 20% since its 52-week low of $27.9 in May last year.

Peer Exelon Corporation (EXC) has also been on a notable uptrend in the last few months. It’s currently trading 1% above its 50-day moving average and marginally below its 200-day moving average level. Its RSI is at 64.

Up next, let’s take a look at how FirstEnergy stock is currently valued.


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