NRG Energy Inc Stock Forecast
A very red day for NRG Energy Inc stock price after a -7.27% fall in the Friday trading session
(Updated on Jun 28, 2024)
The NRG Energy Inc stock price fell by -7.27% on the last day (Friday, 28th Jun 2024) from 78.66€ to 72.94€. During the last trading day the stock fluctuated 1.68% from a day low at 72.70€ to a day high of 73.92€. The price has been going up and down for this period, and there has been a -0.68% loss for the last 2 weeks. 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 -3 million shares and in total, 165 shares were bought and sold for approximately 12.04€ thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 72.86€ 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 4.12% during the next 3 months and, with a 90% probability hold a price between 75.86€ and 91.71€ at the end of this 3-month period.
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NRA.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 2.21%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NRG Energy Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 77.08€ and 75.93€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NRG Energy Inc stock
NRG Energy Inc finds support from accumulated volume at 72.20€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.22€ between high and low, or 1.68%. For the last week the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: 68.70€ (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (NRA.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect NRG Energy Inc to open at 73.19€, and during the day (based on 14 day Average True Range), to move between 69.30€ and 76.58€, which gives a possible trading interval of +/-3.64€ (+/-4.99%) up or down from last closing price. If NRG Energy Inc takes out the full calculated possible swing range there will be an estimated 9.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 72.20€ (1.01%) than the resistance at 77.83€ (6.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -0.997 Hold/Accumulate Downgraded
Predicted Opening Price for NRG Energy Inc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 73.19€ ( 0.338%) | 72.94€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRA.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.41 | 2.01% |
| R2 | 73.94 | 1.37% |
| R1 | 73.65 | 0.98% |
| Price | 72.94 | |
| S1 | 72.72 | -0.301% |
| S2 | 72.43 | -0.695% |
| S3 | 71.97 | -1.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.00 | 17.91% |
| R2 | 79.52 | 9.02% |
| R1 | 77.83 | 6.70% |
| Price | 72.94 | |
| S1 | 72.20 | -1.01% |
| S2 | 71.36 | -2.17% |
| S3 | 68.00 | -6.77% |
NRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 15, 2024 | 0.383€ | 0% |
| 2 | Jan 31, 2024 | Jan 31, 2024 | Feb 15, 2024 | 0.375€ | 0% |
| 3 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | 0.356€ | 0% |
| 4 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | 0.342€ | 0% |
| 5 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 0.343€ | 0% |
FAQ
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