Tue 18'th Sep 2018
NRG Energy Inc Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||1.85% ( 2018-08-31 )|
|Cash||1 254.0 mill|
|Loans||16 905.0 mill|
NRG Energy Inc gained 1.07% in the last trading day, rising from $35.50 to $35.88 The price has risen in 6 of the last 10 days and is up by 0.73% over the past 2 weeks. Volume fell in the last day by -1.13 million shares, and in total, 2.35 million shares bought and sold for approximately $84.45 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
NRG Energy Inc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.01% during the next 3 months and, with 90% probability hold a price between $39.81 and $42.78 at the end of this period.
Only positive signals in the chart today. NRG Energy Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $35.75 and $34.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains 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 may be an early warning. The stock should be watched closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
NRG Energy Inc finds support from accumulated volume at $34.20.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.60 (1.70%) between high and low. For the last week, the stock has had a daily average volatility of 1.93%.
Our recommended stoploss: $34.08 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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NRG Energy Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.Click for Top 5 Strong Buy Candidates
|NRG $35.88 $0.38(1.07%)|
NRG is up $0.38 today, but where's it headed in October?
|Zacks Investment Research is releasing its prediction for NRG based on the 1-3 month system that more than doubles the S&P 500.
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