VISTRA CORP is showing promising signs of setting up for a breakout.

We've identified VISTRA CORP (NYSE:VST) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:VST for further developments.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall VST gets a technical rating of 7 out of 10. In the last year, VST was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that VST is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by VST over the past year are nicely spread over this period.
• VST is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 100% of 21 stocks in the same industry.
• VST is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so VST slightly outperforms the market at the moment.
• In the last month VST has a been trading in the 31.16 - 33.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Our latest full technical report of VST contains the most current technical analsysis.

How does the Setup look for NYSE:VST

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:VST currently has a 8 as setup rating:

VST has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 31.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VST in the last couple of days, which is a good sign.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.