v1.6
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
entry_atr_xfactor = 3.7
-----
This is a simple systematic Trend strategy where entry is based on two conditions
1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple
The ATR condition allows us to enter trades that has not gapped too much as that usually results...
SRE has now gapped lower on the 15 minute chart. Please note the red volume spikes
on the lower chart pane over the past 4-5 trading days. The explanation is simple, bad weather in SoCal last March is going to affect Q1 results when they get reported in two days.
For those willing to think longer term (months or years) I’m sure SRE will continue to be a fine...
SRE clearly showing signs of reversal, moving to an uptrend. The reason for this trade is trying to join the newly formed uptrend and score a massive 6:1 Risk/Reward Ratio (RR). The 3 Long Position drawings show the exact entry, stop, and targets for this trade. I am protecting the position with a first target of 2:1 RR, reducing the total risk in 1/3. Next target...
Price is below the support line of the triangle.
The support line is now resistance.
Earnings 2-23 and expectations are mixed but more on the positive side than the negative side.
No recommendation.
EPS (FWD)
8.84
PE (FWD)
17.76
Div Rate (FWD)
$4.58
Yield (FWD)
2.92%
Short Interest
0.92%
Market Cap
$49.38B
Sempra operates as an energy-services holding company...
The PEAD projected a Neutral outlook for $SRE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
$SRE is showing a potential 2-2 bearish reversal with a strong shooter candle.
Lots of room left within the quarterly magnitude giving us a strong risk to reward ratio.
The PEAD projected a Neutral outlook for $SRE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Although the world is clearly experiencing energy supply shock and the prices for oil and gas are exponentially rising is it possible for Sempra Energy , producing electric and gas infrastructure to sink?
Fundamental indicators:
Revenue and Profits - not demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - impressive...
The PEAD projected a Bullish outlook for $SRE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
The range resistance level could be broken higher with the minimum target level around 147. Long term target could be higher. Especially if the global maximum is broken. So far, the situation with energy prices is quite good.
Whether you're a short term trader or a buy-and-hodler, there could be a good swing play in this stock if it can hold the $134 support level . SRE has broken above the top of the recent range of the last year and is making strong support at these levels in form of a flag. Volume as also been increasing despite any major price changes.
To take this trade, we'll...
One more day to go in the trading week, but currently a bullish hammer candle being painted on $SRE weekly chart after a successful backtest of the 10-month trading range created after the COVID crash. Monthly MACD about to tick positive and showing hidden bullish divergence.
Target(s) can be the measured move of the trading range and/or previous ATHs.
*Not...
