Xcel Energy Inc (XEL): Price Down $-0.66 (-1.06)% Over Past Day, Down $-0.64 (-1.03)% Over Past Hour

The Hourly View for XEL

At the time of this writing, XEL’s price is down $-0.64 (-1.03%) from the hour prior. XEL has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

XEL’s Technical Outlook on the Daily Chart

At the moment, XEL’s price is down $-0.66 (-1.06%) from the day prior. This is the 2nd day in a row XEL has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Of note is that the 200 day changed directions on XEL; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows XEL’s price action over the past 90 days.

XEL

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market