CONSTELLATION ENERGY (CEG) Stock Technical Analysis
USA - NASDAQ:CEG - US21037T1097 - Common Stock
360 USD
+2.54 (+0.71%)
361 USD
+1 (+0.28%)
Taking everything into account, CEG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CEG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CEG is one of the better performing stocks in the Electric Utilities industry, it outperforms 80% of 47 stocks in the same industry.
A new 52 week high is currently being made by CEG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month CEG has a been trading in the 296.35 - 376.78 range, which is quite wide. It is currently trading near the high of this range.
CEG has an average volume of 2268290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CEG is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CEG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
165.41
363.60
We found 3 important support areas.
- A support zone ranging from 322.99 to 330.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @193.47 from a trend line in the weekly time frame.
- Support @167.08 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CEG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CEG is up. |
| ChartMill Relative Strength | 81.06 | POSITIVE | CEG has a high relative strength, it outperformed 81.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CEG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.56 | NEUTRAL | The RSI value for CEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.28 | POSITIVE | The MACD value suggests CEG has a positive trend. |
| Stochastics (14,3) | 89.38 | OVERBOUGHT | The high Stochastics value suggests CEG may be overbought. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for CEG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.66 | NEUTRAL | The ADX value for CEG suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
360
+2.54 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.71%
1 Week8.68%
2 Weeks8.79%
1 Month19.37%
3 Month15.43%
6 Month110.58%
12 Month26.09%
2 Year218.81%
3 Year280.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)14.02
ATR(20)%3.73%
ATR Inc28.51%
Range Today18.09
ADR(20)12.78
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.06
Mansfield1.61
10 Day High376.78
10 Day Low322.56
20 Day High376.78
20 Day Low296.35
52 Week High376.78
52 Week Low161.35
CS1 End330.16
CR1 StartN/A
Volume & EV
DER(3)0.86%
DER(5)0.19%
Volume3.36M
Volume Incr16.22%
Vol(5)2.56M
Vol(50)2.27M