CONSTELLATION ENERGY (CEG) Stock Technical Analysis
NASDAQ:CEG - Nasdaq - US21037T1097 - Common Stock - Currency: USD
Overall CEG gets a technical rating of 8 out of 10. In the last year, CEG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
In the last month CEG has a been trading in the 282.00 - 342.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
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 93% of 47 stocks in the same industry.
CEG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CEG is performing more or less in line with the market.
CEG has an average volume of 3688030 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 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, CEG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
165.41
316.57
We found 4 important support areas.
- Support @289.87 from a horizontal line in the daily time frame.
- Support @179.62 from a trend line in the weekly time frame.
- Support @173.11 from a horizontal line in the daily 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 306.16 to 313.44. 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 | UP | POSITIVE | The short term trend for CEG is up. |
| ChartMill Relative Strength | 92.42 | POSITIVE | CEG has a high relative strength, it outperformed 92.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CEG is below 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) | 56.35 | NEUTRAL | The RSI value for CEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.49 | NEGATIVE | The MACD value suggests CEG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.37 | NEUTRAL | The Stochastics value for CEG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for CEG suggests some volalility. |
| Average Directional Index/ADX (14) | 36.59 | POSITIVE | The high ADX value value for CEG suggests a strong 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 |
|---|---|---|---|
| 313.45 | 289.86 | 23.59 (7.53%) | 13.29% |
| An entry @313.45. This is a Buy Stop order right above the resistance zone. | An exit @289.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 23.59 points, which is 7.53%. | For a 1.00% total portfolio risk, you can invest 13.29% of your capital in this trade. |
- 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.
296.89
-3.49 (-1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.16%
1 Week-0.64%
2 Weeks-3.02%
1 Month4.39%
3 Month37.16%
6 Month24.19%
12 Month38.15%
2 Year224.29%
3 Year418.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.58
ATR(20)%3.88%
ATR Inc-28.44%
Range Today5.86
ADR(20)11.24
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.42
Mansfield1.77
10 Day High342
10 Day Low286
20 Day High342
20 Day Low282
52 Week High352
52 Week Low155.6
CS1 End289.87
CR1 Start306.16
Volume & EV
DER(3)-0.19%
DER(5)-0.31%
Volume1.53M
Volume Incr-28.26%
Vol(5)2.55M
Vol(50)3.69M