When the Price of (CEG) Talks, People Listen
August 23, 2024, 00:48 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CEG
- Buy CEG slightly over 183.62 target 214.73 stop loss @ 183.09 Details
The technical summary data tells us to buy CEG near 183.62 with an upside target of 214.73. This data also tells us to set a stop loss @ 183.09 to protect against excessive loss in case the stock begins to move against the trade. 183.62 is the first level of support below 194.95 , and by rule, any test of support is a buy signal. In this case, support 183.62 would be being tested, so a buy signal would exist.
- Short CEG slightly under 214.73, target 183.62, stop loss @ 215.35 Details
The technical summary data is suggesting a short of CEG as it gets near 214.73 with a downside target of 183.62. We should have a stop loss in place at 215.35though. 214.73 is the first level of resistance above 194.95, and by rule, any test of resistance is a short signal. In this case, if resistance 214.73 is being tested, so a short signal would exist.
Swing Trading Plans for CEG
- Buy CEG slightly over 197.9, target 214.73, Stop Loss @ 197.33 Details
If 197.9 begins to break higher, the technical summary data tells us to buy CEG just slightly over 197.9, with an upside target of 214.73. The data also tells us to set a stop loss @ 197.33 in case the stock turns against the trade. 197.9 is the first level of resistance above 194.95, and by rule, any break above resistance is a buy signal. In this case, 197.9, 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 CEG slightly near 197.9, target 192.56, Stop Loss @ 198.47. Details
The technical summary data is suggesting a short of CEG if it tests 197.9 with a downside target of 192.56. We should have a stop loss in place at 198.47 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, 197.9, 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 CEG
- Buy CEG slightly over 195.94, target 197.9, Stop Loss @ 195.48 Details
If 195.94 begins to break higher, the technical summary data tells us to buy CEG just slightly over 195.94, with an upside target of 197.9. The data also tells us to set a stop loss @ 195.48 in case the stock turns against the trade. 195.94 is the first level of resistance above 194.95, and by rule, any break above resistance is a buy signal. In this case, 195.94, 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 CEG slightly near 195.94, target 192.56, Stop Loss @ 196.4. Details
The technical summary data is suggesting a short of CEG if it tests 195.94 with a downside target of 192.56. We should have a stop loss in place at 196.4 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, 195.94, 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 Constellation Energy Corporation (CEG) available here: CEG.
CEG Ratings for August 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
183.62 |
| P2 |
195.94 |
192.56 |
214.73 |
| P3 |
199.1 |
197.9 |
246.8 |
AI Generated Signals for CEG
Blue = Current Price
Red= Resistance
Green = Support
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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 Constellation Energy Corporation (NYSE: CEG) 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 CEG 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.
Fundamental Charts for CEG:
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