CONSTELLATION ENERGY (CEG) Stock Technical Analysis
USA - NASDAQ:CEG - US21037T1097 - Common Stock
323.48 USD
+5.48 (+1.72%)
323.98 USD
+0.5 (+0.15%)
We assign a technical rating of 8 out of 10 to CEG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CEG is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by CEG over the past year are nicely spread over this period.
CEG is part of the Electric Utilities industry. There are 48 other stocks in this industry. CEG outperforms 93% of them.
CEG 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 CEG is lagging the market slightly.
In the last month CEG has a been trading in the 293.15 - 328.30 range, which is quite wide. It is currently trading near the high of this range.
CEG has an average volume of 2226460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, CEG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 312.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CEG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
165.41
350.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 300.43 to 312.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @190.88 from a trend line in the weekly time frame.
- Support @167.08 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 347.44 to 347.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 87.59 | POSITIVE | CEG has a high relative strength, it outperformed 87.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CEG is above a declining 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) | 56.11 | NEUTRAL | The RSI value for CEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.37 | POSITIVE | The MACD value suggests CEG has a positive trend. |
| Stochastics (14,3) | 77.79 | NEUTRAL | The Stochastics value for CEG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CEG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.23 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 328.31 | 293.15 | 35.17 (10.71%) | 9.34% |
| An entry @328.31. This is a Buy Stop order right above the 10 day high. | An exit @293.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 35.17 points, which is 10.71%. | When investing 9.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
323.48
+5.48 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.72%
1 Week7.26%
2 Weeks1.23%
1 Month-0.84%
3 Month8.96%
6 Month49.44%
12 Month65.06%
2 Year196.55%
3 Year288.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.35
ATR(20)%3.05%
ATR Inc-21.39%
Range Today10.13
ADR(20)9.23
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.59
Mansfield0.68
10 Day High328.3
10 Day Low293.15
20 Day High328.3
20 Day Low293.15
52 Week High357
52 Week Low161.35
CS1 End312.94
CR1 Start347.44
Volume & EV
DER(3)2.58%
DER(5)3%
Volume1.42M
Volume Incr9.02%
Vol(5)2.14M
Vol(50)2.23M