Technical Signals Point to a Possible Breakout for VISTRA CORP.

VISTRA CORP (NYSE:VST) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:VST.

Technical analysis of NYSE:VST

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 10 out of 10 to VST. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VST is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that VST is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by VST over the past year are nicely spread over this period.
• VST is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry. VST outperforms 100% of them.
• VST is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VST is lagging the market slightly.
• VST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Check the latest full technical report of VST for a complete technical analysis.

Why is NYSE:VST a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:VST has a 8 as its setup rating:

VST has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 35.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.73, a Stop Loss order could be placed below this zone.

Trading breakout setups.

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

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.