(CEG) Long Term Investment Analysis

July 20, 2024, 12:24 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CEG

• Buy CEG slightly over 185.8 target 212.31 stop loss @ 185.26 Details

The technical summary data tells us to buy CEG near 185.8 with an upside target of 212.31. This data also tells us to set a stop loss @ 185.26 to protect against excessive loss in case the stock begins to move against the trade. 185.8 is the first level of support below 189.3 , and by rule, any test of support is a buy signal. In this case, support 185.8 would be being tested, so a buy signal would exist.

• Short CEG slightly under 212.31, target 185.8, stop loss @ 212.92 Details

The technical summary data is suggesting a short of CEG as it gets near 212.31 with a downside target of 185.8. We should have a stop loss in place at 212.92though. 212.31 is the first level of resistance above 189.3, and by rule, any test of resistance is a short signal. In this case, if resistance 212.31 is being tested, so a short signal would exist.

Swing Trading Plans for CEG

• Buy CEG slightly over 189.63, target 210.83, Stop Loss @ 189.08 Details

If 189.63 begins to break higher, the technical summary data tells us to buy CEG just slightly over 189.63, with an upside target of 210.83. The data also tells us to set a stop loss @ 189.08 in case the stock turns against the trade. 189.63 is the first level of resistance above 189.3, and by rule, any break above resistance is a buy signal. In this case, 189.63, 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 189.63, target 185.8, Stop Loss @ 190.18. Details

The technical summary data is suggesting a short of CEG if it tests 189.63 with a downside target of 185.8. We should have a stop loss in place at 190.18 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, 189.63, 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 189.63, target 210.83, Stop Loss @ 189.19 Details

If 189.63 begins to break higher, the technical summary data tells us to buy CEG just slightly over 189.63, with an upside target of 210.83. The data also tells us to set a stop loss @ 189.19 in case the stock turns against the trade. 189.63 is the first level of resistance above 189.3, and by rule, any break above resistance is a buy signal. In this case, 189.63, 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 189.63, target 185.8, Stop Loss @ 190.07. Details

The technical summary data is suggesting a short of CEG if it tests 189.63 with a downside target of 185.8. We should have a stop loss in place at 190.07 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, 189.63, 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 July 20:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	185.8
P2	176.52	189.63	212.31
P3	184.99	210.83	240.68

AI Generated Signals for CEG

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Technically, Constellation Energy Corporation (NYSE: CEG) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CEG 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 CEG too.  All of these are offered below the Summary Table.