Skip to main content

Market Overview

Will Chart Analysts Notice Bad Omen on Xcel Energy's Chart

Will Chart Analysts Notice Bad Omen on Xcel Energy's Chart

If history is any guide, there may be trouble ahead for shares of Xcel Energy(NASDAQ:XEL). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.

That just happened with Xcel Energy, which is trading around $63.8919 at publication time.


Remember: Seasoned investors don't blindly trade Death Crosses.

Instead, they use it as a signal to start looking for short positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible short positions.

With that in mind, take a look at Xcel Energy's past and upcoming earnings expectations:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020
EPS Estimate 0.54 0.61 0.54 1.09
EPS Actual 0.58 0.67 0.54 1.14
Revenue Estimate 2.69B 2.90B 3.08B 3.39B
Revenue Actual 3.07B 3.54B 2.95B 3.18B

Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!


Related Articles (XEL)

View Comments and Join the Discussion!

Posted-In: BZI-CROSSMarkets Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at