USA A1 Trading Advice (A) | 02-Oct-2024 | Expected Gain 7%-8%

 BUY   Vistra Corporation (NYSE: VST)

Vistra Corporation (NYSE: VST) STOCK RECOMMENDATION

Idea BUY
Buy Range 115 – 120
Target 127 – 130
StopLoss* below 110
Duration 14-15 Trading Days
Potential Returns 7% – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 115 – 120 127 – 130 below 110 14-15 Trading Days 7% – 8%

* Once the first target hit, reset the StopLoss at your buying price.

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Vistra Corporation (NYSE: VST) STOCK OVERVIEW

Vistra Corp., along with its subsidiaries, functions as a comprehensive retail electricity and power generation entity. The company is divided into six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It provides electricity and natural gas services to residential, commercial, and industrial clients across various states in the U.S. and the District of Columbia. Additionally, Vistra is engaged in electricity generation, wholesale energy transactions, commodity risk management, fuel production, and fuel logistics. With a generation capacity of around 41,000 megawatts, it caters to approximately 5 million customers through a diverse portfolio that includes natural gas, nuclear, coal, solar, and battery energy storage facilities. Originally named Vistra Energy Corp., the company rebranded to Vistra Corp. in July 2020. Established in 1882, its headquarters is located in Irving, Texas.

Stock Data
NYSE SymbolVST
Sectoral IndexElectric Utilities
52 Weeks High$122.01
52 Weeks Low$31.16

Vistra Corporation (NYSE: VST) - RELATIVE STRENGTH

VST-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Vistra Corporation —     NYSE —

Vistra Corporation (NYSE: VST) - DAILY TECHNICAL ANALYSIS

Riyad Bank - Technical Analysis (Weekly)
  • The stock price, which had been on an upward trajectory, established a Pole & Flag pattern.
  • After breaking out, the price skyrocketed, reaching a peak near the 107 mark before encountering significant resistance at that point.
  • This resistance caused the price to drop to the 66.5 level, where it discovered support.
  • Following a short period of consolidation, the price has formed a Rounding Bottom pattern, and with a recent breakout, it is now trending upward.

Vistra Corporation (NYSE: VST) - RSI

VST-RSI
Vistra Corporation (NYSE: VST) - RSI
  • Current RSI of this stock is 79.40, which indicates the strength of buyers.

Vistra Corporation (NYSE: VST) - EMA Cross

Vistra Corporation (NYSE: VST) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Vistra Corporation (NYSE: VST) - ADX & DI

Vistra Corporation (NYSE: VST) - ADX & DI
  • Current RSI of this stock is 70.03, which indicates the strength of buyers.

CONCLUSION - Vistra Corporation (NYSE: VST) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Vistra Corporation stock price target will be USD 127 – USD 1 in the next 14-15 trading sessions.

Vistra Corporation (NYSE: VST) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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