When the Price of (CNRG) Talks, People Listen

October 20, 2024, 18:56 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CNRG

• Buy CNRG near 57.41 target 61.98 stop loss @ 57.24 Details

The technical summary data tells us to buy CNRG near 57.41 with an upside target of 61.98. This data also tells us to set a stop loss @ 57.24 to protect against excessive loss in case the stock begins to move against the trade. 57.41 is the first level of support below 61.27 , and by rule, any test of support is a buy signal. In this case, support 57.41 would be being tested, so a buy signal would exist.

• Short CNRG slightly under 61.98, target 57.41, stop loss @ 62.16 Details

The technical summary data is suggesting a short of CNRG as it gets near 61.98 with a downside target of 57.41. We should have a stop loss in place at 62.16though. 61.98 is the first level of resistance above 61.27, and by rule, any test of resistance is a short signal. In this case, if resistance 61.98 is being tested, so a short signal would exist.

Swing Trading Plans for CNRG

• Buy CNRG slightly over 61.62, target 61.98, Stop Loss @ 61.44 Details

If 61.62 begins to break higher, the technical summary data tells us to buy CNRG just slightly over 61.62, with an upside target of 61.98. The data also tells us to set a stop loss @ 61.44 in case the stock turns against the trade. 61.62 is the first level of resistance above 61.27, and by rule, any break above resistance is a buy signal. In this case, 61.62, 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 CNRG slightly near 61.62, target 60.32, Stop Loss @ 61.8. Details

The technical summary data is suggesting a short of CNRG if it tests 61.62 with a downside target of 60.32. We should have a stop loss in place at 61.8 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, 61.62, 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 CNRG

• Buy CNRG slightly over 61.36, target 61.62, Stop Loss @ 61.22 Details

If 61.36 begins to break higher, the technical summary data tells us to buy CNRG just slightly over 61.36, with an upside target of 61.62. The data also tells us to set a stop loss @ 61.22 in case the stock turns against the trade. 61.36 is the first level of resistance above 61.27, and by rule, any break above resistance is a buy signal. In this case, 61.36, 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 CNRG slightly near 61.36, target 60.73, Stop Loss @ 61.5. Details

The technical summary data is suggesting a short of CNRG if it tests 61.36 with a downside target of 60.73. We should have a stop loss in place at 61.5 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, 61.36, 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 Spdr S&p Kensho Clean Power Etf (CNRG) available here: CNRG.

CNRG Ratings for October 20:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	57.41
P2	60.73	60.32	61.98
P3	61.36	61.62	66.58

AI Generated Signals for CNRG

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Spdr S&p Kensho Clean Power Etf (NASDAQ: CNRG) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for CNRG can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.