CALPINE CORP (CPN) Stock Technical Analysis
NYSE:CPN - New York Stock Exchange, Inc. -
Taking everything into account, CPN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CPN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CPN 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 15.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CPN 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
14.50
We found 2 important support areas.
- A support zone ranging from 15.03 to 15.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.26 to 15.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 |
|---|---|---|---|
| 15.31 | 15.21 | 0.10 (0.65%) | 25.00% |
| An entry @15.31. This is a Buy Stop order right above the resistance zone. | An exit @15.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.65%. | For a 0.16% total portfolio risk, you can invest 25.00% 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.
15.25
+0.01 (+0.07%)