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How Will the Market React to Xcel Energy Inc (XEL) Stock Getting a Bullish Rating

Tuesday, March 14, 2023 11:31 AM | InvestorsObserver Analysts

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How Will the Market React to Xcel Energy Inc (XEL) Stock Getting a Bullish Rating

The market has been high on Xcel Energy Inc (XEL) stock recently. XEL gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Xcel Energy Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on XEL!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With XEL Stock Today?

Xcel Energy Inc (XEL) stock is trading at $65.72 as of 11:27 AM on Tuesday, Mar 14, a gain of $0.94, or 1.46% from the previous closing price of $64.78. The stock has traded between $64.69 and $65.93 so far today. Volume today is low. So far 931,840 shares have traded compared to average volume of 2,728,718 shares. To see InvestorsObserver's Sentiment Score for Xcel Energy Inc click here.

More About Xcel Energy Inc

Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy providers in the U.S. with half of its electricity sales coming from carbon-free energy. Click Here to get the full Stock Report for Xcel Energy Inc stock.

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