Sempra

SRE is in a Stage 3 distribution regime, repeatedly failing to overcome the 9/21/50 EMA cluster and currently testing its lower boundary near the 200 DMA. The active Bearish Exhaustion pattern signals sellers losing control at marginal lows but lacks follow-through strength. Under the Stable strategy, we maintain a bearish medium-term bias and sell into any rallies at the short EMA resistance zone.

• ↑$65B 2026–2030 capex plan (+17%) targets US utility growth.
• ↑Q1 EPS $1.51 vs $1.44 YoY; 2026 EPS guidance $4.80–$5.30.
• ↓P/E 32.1x vs industry 18.9x indicates overvalued shares.