(NRG) Proactive Strategies

June 23, 2024, 12:48 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NRG

• Buy NRG slightly over 77.02 target 85.17 stop loss @ 76.8 Details

The technical summary data tells us to buy NRG near 77.02 with an upside target of 85.17. This data also tells us to set a stop loss @ 76.8 to protect against excessive loss in case the stock begins to move against the trade. 77.02 is the first level of support below 80.02 , and by rule, any test of support is a buy signal. In this case, support 77.02 is being tested, a buy signal would exist.

• Short NRG slightly under 85.17, target 77.02, stop loss @ 85.42 Details

The technical summary data is suggesting a short of NRG as it gets near 85.17 with a downside target of 77.02. We should have a stop loss in place at 85.42though. 85.17 is the first level of resistance above 80.02, and by rule, any test of resistance is a short signal. In this case, if resistance 85.17 is being tested, a short signal would exist.

Swing Trading Plans for NRG

• Buy NRG slightly over 80.89, target 85.17, Stop Loss @ 80.66 Details

If 80.89 begins to break higher, the technical summary data tells us to buy NRG just slightly over 80.89, with an upside target of 85.17. The data also tells us to set a stop loss @ 80.66 in case the stock turns against the trade. 80.89 is the first level of resistance above 80.02, and by rule, any break above resistance is a buy signal. In this case, 80.89, 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 80.89, target 78.15, Stop Loss @ 81.12. Details

The technical summary data is suggesting a short of NRG if it tests 80.89 with a downside target of 78.15. We should have a stop loss in place at 81.12 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, 80.89, 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 80.89, target 81.22, Stop Loss @ 80.7 Details

If 80.89 begins to break higher, the technical summary data tells us to buy NRG just slightly over 80.89, with an upside target of 81.22. The data also tells us to set a stop loss @ 80.7 in case the stock turns against the trade. 80.89 is the first level of resistance above 80.02, and by rule, any break above resistance is a buy signal. In this case, 80.89, 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 80.89, target 79.93, Stop Loss @ 81.08. Details

The technical summary data is suggesting a short of NRG if it tests 80.89 with a downside target of 79.93. We should have a stop loss in place at 81.08 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, 80.89, 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 June 23:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	69.77
P2	79.93	78.15	77.02
P3	81.22	80.89	85.17

AI Generated Signals for NRG

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Don't over think it!  Trading Nrg Energy Inc. (NYSE: NRG) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NRG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NRG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NRG too.  All of these are offered below the Summary Table.