Constellation Energy Corporation Stock Forecast
Constellation Energy Corporation stock price ended at $206.15 on Tuesday, after gaining 0.536%.
(Updated on Jul 02, 2024)
The Constellation Energy Corporation stock price gained 0.536% on the last trading day (Tuesday, 2nd Jul 2024), rising from $205.05 to $206.15. During the last trading day the stock fluctuated 4.28% from a day low at $203.10 to a day high of $211.80. The price has been going up and down for this period, and there has been a -2.77% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $392.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $207.00. A reaction back to this level may hold a second chance to get out before further falls.
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CEG Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 4.12%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Constellation Energy Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $209.29 and $215.23. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Constellation Energy Corporation stock
Constellation Energy Corporation finds support from accumulated volume at $203.14 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 $8.70 between high and low, or 4.28%. For the last week, the stock has had daily average volatility of 4.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Constellation Energy Corporation to open at $207.02, and during the day (based on 14 day Average True Range), to move between $196.60 and $215.70, which gives a possible trading interval of +/-$9.55 (+/-4.63%) up or down from last closing price. If Constellation Energy Corporation takes out the full calculated possible swing range there will be an estimated 9.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $203.14 (1.46%) than the resistance at $214.63 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Constellation Energy Corporation stock A Buy?
The Constellation Energy Corporation stock holds several negative signals and despite the positive trend, we believe Constellation Energy Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.102 Sell Candidate Unchanged
Predicted Opening Price for Constellation Energy Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $207.02 ( 0.420%) | $206.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 215.72 | 4.64% |
| R2 | 212.39 | 3.03% |
| R1 | 210.34 | 2.03% |
| Price | 206.15 | |
| S1 | 203.69 | -1.19% |
| S2 | 201.64 | -2.19% |
| S3 | 198.32 | -3.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 218.13 | 5.81% |
| R2 | 217.25 | 5.38% |
| R1 | 214.63 | 4.11% |
| Price | 206.15 | |
| S1 | 203.14 | -1.46% |
| S2 | 200.27 | -2.85% |
| S3 | 185.40 | -10.07% |
CEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 29, 2024 | Jun 10, 2024 | $0.353 | 0.164% |
| 2 | Apr 30, 2024 | May 28, 2024 | Jun 10, 2024 | $0.353 | 0.164% |
| 3 | Feb 26, 2024 | Mar 07, 2024 | Mar 19, 2024 | $0.353 | 0.204% |
| 4 | Nov 02, 2023 | Nov 17, 2023 | Dec 08, 2023 | $0.282 | 0.254% |
| 5 | Nov 02, 2023 | Nov 16, 2023 | Dec 08, 2023 | $0.280 | 0.252% |
FAQ
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