RSI low/high Values: [ 25 - 75 ]
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AI Analysis of CWEN
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Green day on Thursday for Clearway Energy Inc. Class C
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 2.95% PDF

The Clearway Energy Inc. Class C stock price gained 2.95% on the last trading day (Thursday, 28th Mar 2024), rising from $22.39 to $23.05. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.04% from a day low at $22.40 to a day high of $23.08. The price has risen in 9 of the last 10 days and is up by 10.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 50 thousand more shares were traded than the day before. In total, 918 thousand shares were bought and sold for approximately $21.16 million.

Given the current short-term trend, the stock is expected to fall -20.40% during the next 3 months and, with a 90% probability hold a price between $15.86 and $18.35 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.

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CWEN Signals & Forecast

The Clearway Energy Inc. Class C 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 $21.74 and $22.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 10.34%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

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

Clearway Energy Inc. Class C finds support from accumulated volume at $22.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.680 (3.04%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.

Since the Clearway Energy Inc. Class C has been rising for 8 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $22.16 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Clearway Energy Inc. Class C to open at $22.84, and during the day (based on 14 day Average True Range), to move between $22.47 and $23.63, which gives a possible trading interval of +/-$0.576 (+/-2.50%) 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 5.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.59 (2.00%) than the resistance at $24.61 (6.77%), 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Clearway Energy Inc. Class C of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$22.84 ( 0.90%) $23.05

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

Trading levels for CWEN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.52 2.05 %
R2 23.26 0.93 %
R1 23.10 0.230 %
Current price: 23.05
Support S1 22.58 -2.02 %
S2 22.42 -2.72 %
S3 22.16 -3.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.01 12.84 %
R2 24.62 6.81 %
R1 24.61 6.77 %
Current price 23.05
Support S1 22.59 -2.00%
S2 21.90 -4.99%
S3 21.43 -7.03%

CWEN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 14, 2024 Feb 29, 2024 Mar 15, 2024 $0.403 1.92%
2 Nov 01, 2023 Nov 30, 2023 Dec 15, 2023 $0.396 1.49%
3 Aug 07, 2023 Aug 31, 2023 Sep 15, 2023 $0.389 1.53%
4 May 03, 2023 May 31, 2023 Jun 15, 2023 $0.382 1.27%
5 Feb 16, 2023 Feb 28, 2023 Mar 15, 2023 $0.375 1.21%

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.

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 2024-03-28, the price of an Clearway Energy Inc. Class C (CWEN) share was $23.05.

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 2024-03-28, the market capitalization of Clearway Energy Inc. Class C is 4.608B.

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.
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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

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