When the Price of (CEG) Talks, People Listen

September 02, 2024, 18:42 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CEG

• Buy CEG slightly over 185.13 target 215.86 stop loss @ 184.6 Details

The technical summary data tells us to buy CEG near 185.13 with an upside target of 215.86. This data also tells us to set a stop loss @ 184.6 to protect against excessive loss in case the stock begins to move against the trade. 185.13 is the first level of support below 197.09 , and by rule, any test of support is a buy signal. In this case, support 185.13 would be being tested, so a buy signal would exist.

• Short CEG slightly under 215.86, target 185.13, stop loss @ 216.48 Details

The technical summary data is suggesting a short of CEG as it gets near 215.86 with a downside target of 185.13. We should have a stop loss in place at 216.48though. 215.86 is the first level of resistance above 197.09, and by rule, any test of resistance is a short signal. In this case, if resistance 215.86 is being tested, so a short signal would exist.

Swing Trading Plans for CEG

• Buy CEG slightly over 200.14, target 215.86, Stop Loss @ 199.56 Details

If 200.14 begins to break higher, the technical summary data tells us to buy CEG just slightly over 200.14, with an upside target of 215.86. The data also tells us to set a stop loss @ 199.56 in case the stock turns against the trade. 200.14 is the first level of resistance above 197.09, and by rule, any break above resistance is a buy signal. In this case, 200.14, 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 200.14, target 194.9, Stop Loss @ 200.72. Details

The technical summary data is suggesting a short of CEG if it tests 200.14 with a downside target of 194.9. We should have a stop loss in place at 200.72 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, 200.14, 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 197.98, target 200.14, Stop Loss @ 197.52 Details

If 197.98 begins to break higher, the technical summary data tells us to buy CEG just slightly over 197.98, with an upside target of 200.14. The data also tells us to set a stop loss @ 197.52 in case the stock turns against the trade. 197.98 is the first level of resistance above 197.09, and by rule, any break above resistance is a buy signal. In this case, 197.98, 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 197.98, target 194.9, Stop Loss @ 198.44. Details

The technical summary data is suggesting a short of CEG if it tests 197.98 with a downside target of 194.9. We should have a stop loss in place at 198.44 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, 197.98, 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 September 02:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	185.13
P2	194.84	194.9	215.86
P3	197.98	200.14	247.93

AI Generated Signals for CEG

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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.