When the Price of (CEG) Talks, People Listen
June 10, 2024, 13:04 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CEG
- Buy CEG slightly over 191.9 target 219.36 stop loss @ 191.35 Details
The technical summary data tells us to buy CEG near 191.9 with an upside target of 219.36. This data also tells us to set a stop loss @ 191.35 to protect against excessive loss in case the stock begins to move against the trade. 191.9 is the first level of support below 212.255 , and by rule, any test of support is a buy signal. In this case, support 191.9 is being tested, a buy signal would exist.
- Short CEG slightly under 219.36, target 191.9, stop loss @ 219.99 Details
The technical summary data is suggesting a short of CEG as it gets near 219.36 with a downside target of 191.9. We should have a stop loss in place at 219.99though. 219.36 is the first level of resistance above 212.255, and by rule, any test of resistance is a short signal. In this case, if resistance 219.36 is being tested, a short signal would exist.
Swing Trading Plans for CEG
- Buy CEG slightly over 219.36, target n/a, Stop Loss @ 218.73 Details
If 219.36 begins to break higher, the technical summary data tells us to buy CEG just slightly over 219.36, with an upside target of n/a. The data also tells us to set a stop loss @ 218.73 in case the stock turns against the trade. 219.36 is the first level of resistance above 212.255, and by rule, any break above resistance is a buy signal. In this case, 219.36, 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 CEG slightly near 219.36, target 206.74, Stop Loss @ 219.99. Details
The technical summary data is suggesting a short of CEG if it tests 219.36 with a downside target of 206.74. We should have a stop loss in place at 219.99 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, 219.36, 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 CEG
- Buy CEG slightly over 219.36, target n/a, Stop Loss @ 218.85 Details
If 219.36 begins to break higher, the technical summary data tells us to buy CEG just slightly over 219.36, with an upside target of n/a. The data also tells us to set a stop loss @ 218.85 in case the stock turns against the trade. 219.36 is the first level of resistance above 212.255, and by rule, any break above resistance is a buy signal. In this case, 219.36, 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 CEG slightly near 219.36, target 206.74, Stop Loss @ 219.87. Details
The technical summary data is suggesting a short of CEG if it tests 219.36 with a downside target of 206.74. We should have a stop loss in place at 219.87 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, 219.36, 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 Constellation Energy Corporation (CEG) available here: CEG.
CEG Ratings for June 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
166.95 |
| P2 |
196.31 |
192.96 |
191.9 |
| P3 |
204.44 |
206.74 |
219.36 |
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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