NRG Energy Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
NRG Energy Inc stock price ended at $71.48 on Tuesday, after gaining 1.55%.
(Updated on Apr 23, 2024)
The NRG Energy Inc stock price gained 1.55% on the last trading day (Tuesday, 23rd Apr 2024), rising from $70.39 to $71.48. During the last trading day the stock fluctuated 2.18% from a day low at $70.64 to a day high of $72.18. The price has been going up and down for this period, and there has been a -1.77% loss for the last 2 weeks. Volume fell on the last day by -318 thousand shares and in total, 2 million shares were bought and sold for approximately $145.95 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 lies in the middle of a wide and 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 50.13% during the next 3 months and, with a 90% probability hold a price between $103.23 and $117.03 at the end of this 3-month period.
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NRG Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -4.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The NRG Energy Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $71.89. On a fall, the stock will find some support from the long-term average at approximately $68.07. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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.
Support, Risk & Stop-loss for NRG Energy Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $65.00 and $63.93. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NRG Energy Inc finds support just below today's level at $65.00. If this is broken, then the next support from accumulated volume will be at $63.93 and $60.01.
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 $1.54 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 3.77%.
Our recommended stop-loss: $68.23 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (NRG) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect NRG Energy Inc to open at $71.43, and during the day (based on 14 day Average True Range), to move between $69.07 and $73.89, which gives a possible trading interval of +/-$2.41 (+/-3.38%) up or down from last closing price. If NRG Energy Inc takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $72.01 (0.74%) than the support at $65.00 (9.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NRG Energy Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.751 Buy Candidate Unchanged
Predicted Opening Price for NRG Energy Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $71.43 ( 0.0653%) | $71.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.97 | 2.09 % | |
| R2 | 72.39 | 1.27 % | ||
| R1 | 72.02 | 0.758 % | ||
| Current price: | 71.48 | |||
| Support | S1 | 70.85 | -0.89 % | |
| S2 | 70.48 | -1.40 % | ||
| S3 | 69.89 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.18 | 2.38 % | |
| R2 | 72.77 | 1.80 % | ||
| R1 | 72.01 | 0.741 % | ||
| Current price | 71.48 | |||
| Support | S1 | 65.00 | -9.07% | |
| S2 | 63.93 | -10.56% | ||
| S3 | 60.01 | -16.05% |
NRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 30, 2024 | May 15, 2024 | $0.408 | 0.570% |
| 2 | Jan 19, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.408 | 0.783% |
| 3 | Oct 19, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.378 | 0.796% |
| 4 | Jul 17, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.378 | 1.02% |
| 5 | Apr 19, 2023 | Apr 28, 2023 | May 15, 2023 | $0.378 | 1.12% |
FAQ
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