When (CEG) Moves Investors should Listen
October 31, 2024, 11:40 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CEG
- Buy CEG near 249.39 target 286.82 stop loss @ 248.67 Details
The technical summary data tells us to buy CEG near 249.39 with an upside target of 286.82. This data also tells us to set a stop loss @ 248.67 to protect against excessive loss in case the stock begins to move against the trade. 249.39 is the first level of support below 261.515 , and by rule, any test of support is a buy signal. In this case, support 249.39 is being tested, a buy signal would exist.
- Short CEG slightly under 286.82, target 249.39, stop loss @ 287.65 Details
The technical summary data is suggesting a short of CEG as it gets near 286.82 with a downside target of 249.39. We should have a stop loss in place at 287.65though. 286.82 is the first level of resistance above 261.515, and by rule, any test of resistance is a short signal. In this case, if resistance 286.82 is being tested, a short signal would exist.
Swing Trading Plans for CEG
- Buy CEG slightly over 268.4, target 286.82, Stop Loss @ 267.62 Details
If 268.4 begins to break higher, the technical summary data tells us to buy CEG just slightly over 268.4, with an upside target of 286.82. The data also tells us to set a stop loss @ 267.62 in case the stock turns against the trade. 268.4 is the first level of resistance above 261.515, and by rule, any break above resistance is a buy signal. In this case, 268.4, 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 268.4, target 259.68, Stop Loss @ 269.18. Details
The technical summary data is suggesting a short of CEG if it tests 268.4 with a downside target of 259.68. We should have a stop loss in place at 269.18 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, 268.4, 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 263.01, target 267.26, Stop Loss @ 262.4 Details
If 263.01 begins to break higher, the technical summary data tells us to buy CEG just slightly over 263.01, with an upside target of 267.26. The data also tells us to set a stop loss @ 262.4 in case the stock turns against the trade. 263.01 is the first level of resistance above 261.515, and by rule, any break above resistance is a buy signal. In this case, 263.01, 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 263.01, target 259.68, Stop Loss @ 263.62. Details
The technical summary data is suggesting a short of CEG if it tests 263.01 with a downside target of 259.68. We should have a stop loss in place at 263.62 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, 263.01, 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 October 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
212.5 |
| P2 |
263.01 |
259.68 |
249.39 |
| P3 |
267.26 |
268.4 |
286.82 |
AI Generated Signals for CEG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Constellation Energy Corporation (NYSE: CEG) report below is a real world example. Included are trading plans for CEG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CEG:
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