NRG Yield Inc Fund Forecast
NRG Yield Inc fund upgraded to Buy Candidate.
(Updated on Oct 02, 2018)
No changes to the price of NRG Yield Inc fund on the last trading day (Tuesday, 2nd Oct 2018). During the last trading day the fund fluctuated 0% from a day low at $20.10 to a day high of $20.10. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund has broken the strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $20.22. A reaction back to this level may hold a second chance to get out before further falls.
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NYLD Signals & Forecast
The NRG Yield Inc fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $20.10 and $20.06. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, September 13, 2018, and so far it has fallen -0.495%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The fund had a Golden Star Signal on Friday, June 22, 2018 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.
Support, Risk & Stop-loss for NRG Yield Inc fund
NRG Yield Inc finds support from accumulated volume at $19.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $19.28 (-4.07%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (NYLD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect NRG Yield Inc to open at $20.10, and during the day (based on 14 day Average True Range), to move between $19.93 and $20.27, which gives a possible trading interval of +/-$0.166 (+/-0.83%) up or down from last closing price. If NRG Yield Inc takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.20 (0.50%) than the support at $19.80 (1.49%), 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 Yield Inc fund A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NRG Yield Inc fund to perform well in the short-term. We have upgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.090 Buy Candidate Upgraded
Predicted Opening Price for NRG Yield Inc of Wednesday, October 3, 2018
Fair opening price October 3, 2018 | Current price |
---|---|
$20.10 ( 0%) | $20.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NYLD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.10 | . | |
R2 | 20.10 | . | ||
R1 | 20.10 | . | ||
Current price: | 20.10 | |||
Support | S1 | 20.10 | . | |
S2 | 20.10 | . | ||
S3 | 20.10 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.40 | 1.49 % | |
R2 | 20.25 | 0.746 % | ||
R1 | 20.20 | 0.498 % | ||
Current price | 20.10 | |||
Support | S1 | 19.80 | -1.49% | |
S2 | 18.15 | -9.70% | ||
S3 | 17.90 | -10.95% |
FAQ
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