CONSTELLATION ENERGY (CEG) Stock Technical Analysis
USA - NASDAQ:CEG - US21037T1097 - Common Stock
We assign a technical rating of 9 out of 10 to CEG. 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.
Although CEG has an excellent technical rating, the quality of the presented setup is not ideal 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.
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165.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 338.71 to 350.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @306.05 from a trend line in the daily time frame.
- Support @196.07 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 | NEUTRAL | NEUTRAL | The short term trend for CEG is neutral. |
| ChartMill Relative Strength | 87.45 | POSITIVE | CEG has a high relative strength, it outperformed 87.45% 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) | 60.07 | NEUTRAL | The RSI value for CEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.03 | NEGATIVE | The MACD value suggests CEG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.94 | NEUTRAL | The Stochastics value for CEG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for CEG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for CEG suggests a strong trend. |
389.19
+23.39 (+6.39%)
CONSTELLATION ENERGY / CEG FAQ
What is the technical rating for CEG stock?
ChartMill assigns a technical rating of 9 / 10 to CEG.
What is the trend direction for CEG stock?
The current trend direction for CONSTELLATION ENERGY (CEG) is Bullish.
What is the RSI signal for CEG stock?
CONSTELLATION ENERGY (CEG) has an RSI value of 60.0737. This indicates that the stock is currently neutral.
What is the MACD signal for CEG stock?
The MACD indicator for CONSTELLATION ENERGY (CEG) has a value of -2.03388, indicating a bearish trend.
What is the support and resistance level for CEG stock?
CONSTELLATION ENERGY (CEG) has a support level at 350.05. Check the full technical report for our detailed analysis of CEG support and resistance levels.