How the (NRG) price action is used to our Advantage
January 06, 2025, 06:18 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NRG
- Buy NRG near 98.29 target 108.36 stop loss @ 98.01 Details
The technical summary data tells us to buy NRG near 98.29 with an upside target of 108.36. This data also tells us to set a stop loss @ 98.01 to protect against excessive loss in case the stock begins to move against the trade. 98.29 is the first level of support below 99.01 , and by rule, any test of support is a buy signal. In this case, support 98.29 is being tested, a buy signal would exist.
- Short NRG slightly under 108.36, target 98.29, stop loss @ 108.67 Details
The technical summary data is suggesting a short of NRG as it gets near 108.36 with a downside target of 98.29. We should have a stop loss in place at 108.67though. 108.36 is the first level of resistance above 99.01, and by rule, any test of resistance is a short signal. In this case, if resistance 108.36 is being tested, a short signal would exist.
Swing Trading Plans for NRG
- Buy NRG slightly over 108.36, target n/a, Stop Loss @ 108.05 Details
If 108.36 begins to break higher, the technical summary data tells us to buy NRG just slightly over 108.36, with an upside target of n/a. The data also tells us to set a stop loss @ 108.05 in case the stock turns against the trade. 108.36 is the first level of resistance above 99.01, and by rule, any break above resistance is a buy signal. In this case, 108.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NRG slightly near 108.36, target 98.29, Stop Loss @ 108.67. Details
The technical summary data is suggesting a short of NRG if it tests 108.36 with a downside target of 98.29. We should have a stop loss in place at 108.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NRG
- Buy NRG slightly over 108.36, target n/a, Stop Loss @ 108.11 Details
If 108.36 begins to break higher, the technical summary data tells us to buy NRG just slightly over 108.36, with an upside target of n/a. The data also tells us to set a stop loss @ 108.11 in case the stock turns against the trade. 108.36 is the first level of resistance above 99.01, and by rule, any break above resistance is a buy signal. In this case, 108.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NRG slightly near 108.36, target 98.46, Stop Loss @ 108.61. Details
The technical summary data is suggesting a short of NRG if it tests 108.36 with a downside target of 98.46. We should have a stop loss in place at 108.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Nrg Energy Inc. (NRG) available here: NRG.
NRG Ratings for January 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
88.69 |
| P2 |
93.96 |
91.4 |
98.29 |
| P3 |
98.46 |
96.08 |
108.36 |
AI Generated Signals for NRG
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Nrg Energy Inc. (NYSE: NRG) data table below can help you with price action, and we have more details too. Trading plans for NRG are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NRG:
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