Nrg Energy, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Nrg Energy, Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Nrg Energy, Inc. stock price fell by -0.684% on the last day (Tuesday, 25th Jun 2024) from $81.93 to $81.37. During the last trading day the stock fluctuated 3.23% from a day low at $81.19 to a day high of $83.81. The price has fallen in 6 of the last 10 days but is still up by 1.77% over the past 2 weeks. Volume has increased on the last day by 256 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 260 thousand shares were bought and sold for approximately $21.15 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $79.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.05% during the next 3 months and, with a 90% probability hold a price between $92.72 and $105.68 at the end of this 3-month period.
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0K4C.L Signals & Forecast
The Nrg Energy, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $79.99 and $80.78. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -5.35%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Nrg Energy, Inc. stock
Nrg Energy, Inc. finds support from accumulated volume at $79.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.62 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: $78.92 (-3.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (0K4C.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Nrg Energy, Inc. to open at $82.12, and during the day (based on 14 day Average True Range), to move between $78.84 and $83.90, which gives a possible trading interval of +/-$2.53 (+/-3.11%) up or down from last closing price. If Nrg Energy, Inc. takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $81.68 (0.38%) than the support at $79.96 (1.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Nrg Energy, Inc. stock A Buy?
Nrg Energy, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.471 Hold/Accumulate Downgraded
Predicted Opening Price for Nrg Energy, Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$82.12 ( 0.93%) | $81.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0K4C.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 84.74 | 4.15% |
R2 | 83.74 | 2.92% |
R1 | 83.12 | 2.16% |
Price | 81.37 | |
S1 | 81.12 | -0.304% |
S2 | 80.50 | -1.06% |
S3 | 79.50 | -2.29% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 82.40 | 1.27% |
R2 | 81.70 | 0.406% |
R1 | 81.68 | 0.381% |
Price | 81.37 | |
S1 | 79.96 | -1.74% |
S2 | 77.46 | -4.81% |
S3 | 70.25 | -13.67% |
0K4C Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 30, 2024 | Apr 30, 2024 | May 15, 2024 | $0.408 | 0.486% |
2 | Jan 31, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.408 | 0.784% |
3 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | $0.378 | 0.90% |
4 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | $0.378 | 1.00% |
5 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | $0.378 | 1.11% |
FAQ
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