NYSE trade advice (C): US utilities stock | 5-6% gain | USA stock trading signal on 9 Apr 2024

Stock Market
NYSE, United States of America

Target hit. Trade closed.

9 Apr 2024
6 May 2024
6 May 2024
20 days
Loss per
100,000 USD
Stop-loss
70
Buy Advice
9 Apr 2024
72.5 – 73.5
Target 1
6 May 2024
77
Target 2
6 May 2024
78
Profit per
100,000 USD
20 days
7,586
70
72.5 – 73.5
77
78
7,586
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • NRG Energy
  • 72.5 – 73.5
  • 77 – 78
  • Below 70
  • 5% – 6%
  • 14 - 15 Days
  • Buy NRG Energy
  • Buy
    Range
    72.5 – 73.5
  • Target 77 – 78
  • Stoploss Below 70
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    NRG Energy (NYSE: NRG) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • NRG
  • NRG Energy
  • Utilities
  • 73.1307
  • 30.52
  • NYSE code NRG
  • Stock Name NRG Energy
  • Sector Utilities
  • 52 Weeks High 73.1307
  • 52 Weeks Low 30.52
  • Company profile

    NRG Energy, along with its subsidiaries, functions as an energy and home services firm in both the United States and Canada. The company specializes in the production and sale of electricity, employing various sources such as coal, oil, solar storage, and natural gas. Its wide range of offerings includes retail electricity and energy management, as well as line and surge protection products. Additionally, NRG Energy provides HVAC installation, repair and maintenance services, home protection products, carbon offsets, and backup power solutions. The company’s activities extend to backup generation, storage and distribution of solar energy, advisory services, and trading in power, natural gas, and related commodities. NRG Energy serves a diverse customer base consisting of residential, commercial, government, industrial, and wholesale clients. With its headquarters situated in Houston, Texas, NRG Energy presents a compelling investment opportunity in the US stock market.

  • NRG Energy (NYSE: NRG) vs NYSE - Relative Strength Comparison

    The image highlights NRG Energy's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    NRG —   NYSE —

  • NRG Energy (NYSE: NRG) - Technical Analysis (Daily)

    NRG Energy - Technical Analysis chart on Daily Price and Volume
    NRG Energy - Technical Analysis chart on Daily Price and Volume

    • A double bottom pattern has been formed and after the breakout, price started consolidation above the breakout zone.
    • After that, we have witnessed a huge upside rally, with took the price to the 55 level.
    • With a retracement, price again continued its upside journey.
    • A Bullish Pole & Flag pattern was formed at during this time.
    • After the breakout, price has given a very sharp upside move and currently the price is trading at its All Time High.
    • It seems that the momentum is completely with the buyers and we can expect that the price may continue its trend.
  • NRG Energy (NYSE: NRG) - RSI Indicator

    NRG Energy stock analysis based on RSI Indicator
    NRG Energy - RSI Indicator

    • Current RSI of this stock is 76.06, which indicates the strength of buyers.
  • NRG Energy (NYSE: NRG) - ADX & DI Indicator

    NRG Energy stock analysis based on ADX & DI Indicator
    NRG Energy - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • NRG Energy (NYSE: NRG) - MA Crossover

    NRG Energy stock analysis based on MA Crossover
    NRG Energy - MA Crossover

    • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - NRG Energy (NYSE: NRG) Stock Price Forcast

    Based on our stock trading advice in Saudi Arabia, NRG Energy stock price target will be USD 77 - USD 78 in the next 14-15 trading sessions.

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