NRG ENERGY INC (NRG) Stock Technical Analysis
USA - NYSE:NRG - US6293775085 - Common Stock
Overall NRG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NRG is showing a nice and steady performance.
Besides having an excellent technical rating, NRG 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 172.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 162.11, a Stop Loss order could be placed below this zone.
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94.33
4 important support areas can be observed.
- A support zone ranging from 159.79 to 162.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @148.68 from a horizontal line in the daily time frame.
- Support @100.19 from a trend line in the weekly time frame.
- Support @95.28 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 172.60 to 173.92. 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 NRG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRG is up. |
| ChartMill Relative Strength | 91.23 | POSITIVE | NRG has a high relative strength, it outperformed 91.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.67 | NEUTRAL | The RSI value for NRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NRG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.64 | NEUTRAL | The Stochastics value for NRG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for NRG suggests some volalility. |
| Average Directional Index/ADX (14) | 13 | NEGATIVE | The low ADX value for NRG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 173.93 | 159.78 | 14.15 (8.14%) | 12.29% |
| An entry @173.93. This is a Buy Stop order right above the resistance zone. | An exit @159.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 14.15 points, which is 8.14%. | For a 1.00% total portfolio risk, you can invest 12.29% 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.
172.59
+2.23 (+1.31%)
NRG ENERGY INC / NRG FAQ
What is the ChartMill technical rating of NRG ENERGY INC (NRG) stock?
ChartMill assigns a technical rating of 10 / 10 to NRG.
What is the trend direction for NRG stock?
The current trend direction for NRG ENERGY INC (NRG) is Bullish.
Can you provide the RSI signal for NRG ENERGY INC?
NRG ENERGY INC (NRG) has an RSI value of 58.6651. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NRG ENERGY INC?
The MACD indicator for NRG ENERGY INC (NRG) has a value of -0.028094, indicating a bearish trend.
What is the support and resistance level for NRG stock?
NRG ENERGY INC (NRG) has a support level at 162.11 and a resistance level at 172.6. Check the full technical report for our detailed analysis of NRG support and resistance levels.