14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CWEN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Clearway Energy Inc. Class C stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Feb 29, 2024)

Hold candidate since Feb 29, 2024 PDF
The Clearway Energy Inc. Class C stock price fell by -1.36% on the last day (Thursday, 29th Feb 2024) from $22.10 to $21.80. During the last trading day the stock fluctuated 3.05% from a day low at $21.62 to a day high of $22.28. The price has fallen in 8 of the last 10 days and is down by -5.3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 547 thousand shares were bought and sold for approximately $11.93 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.00% during the next 3 months and, with a 90% probability hold a price between $18.46 and $21.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

CWEN Signals & Forecast

There are mixed signals in the stock today. The Clearway Energy Inc. Class C 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 $22.34 and $23.94. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 0.600%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Clearway Energy Inc. Class C stock

Clearway Energy Inc. Class C finds support from accumulated volume at $21.67 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 $0.660 between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 2.47%.

Our recommended stop-loss: $20.50 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (CWEN) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Clearway Energy Inc. Class C to open at $21.90, and during the day (based on 14 day Average True Range), to move between $21.12 and $22.48, which gives a possible trading interval of +/-$0.675 (+/-3.10%) up or down from last closing price. If Clearway Energy Inc. Class C takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.67 (0.60%) than the resistance at $24.62 (12.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Clearway Energy Inc. Class C stock A Buy?

Clearway Energy Inc. Class C 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.740 Hold/Accumulate Upgraded

Predicted Opening Price for Clearway Energy Inc. Class C of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$21.90 ( 0.459%) $21.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.56 3.49 %
R2 22.31 2.33 %
R1 22.15 1.62 %
Current price: 21.80
Support S1 21.65 -0.698 %
S2 21.49 -1.41 %
S3 21.24 -2.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.97 14.54 %
R2 24.96 14.50 %
R1 24.62 12.94 %
Current price 21.80
Support S1 21.67 -0.596%
S2 0 .
S3 0 .

FAQ

What is the symbol for Clearway Energy Inc. Class C Stock and on which exchange is it traded?
The symbol for Clearway Energy Inc. Class C is CWEN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Clearway Energy Inc. Class C Stock?
Clearway Energy Inc. Class C 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Clearway Energy Inc. Class C Stock?
Clearway Energy Inc. Class C Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Clearway Energy Inc. Class C Stock.

What's the current price of Clearway Energy Inc. Class C Stock?
As of the end of day on the 2024-02-29, the price of an Clearway Energy Inc. Class C (CWEN) share was $21.80.

What is the 52-week high and low for Clearway Energy Inc. Class C Stock?
The 52-week high for Clearway Energy Inc. Class C Stock is $32.24 and the 52-week low is $18.59.

What is the market capitalization of Clearway Energy Inc. Class C Stock?
As of the 2024-02-29, the market capitalization of Clearway Energy Inc. Class C is 4.354B.

When is the next earnings date for Clearway Energy Inc. Class C?
The upcoming earnings date for Clearway Energy Inc. Class C is May 02, 2024.

Click to get the best stock tips daily for free!

About Clearway Energy Inc. Class C

Clearway Energy. Class C Clearway Energy, Inc. operates in the renewable energy business in the United States. It has approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Cl... CWEN Profile

CWEN Dividend Data

6.15%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Feb 29, 2024
Next Payment Date Mar 15, 2024
View Details

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT