NRG Energy (NYSE: NRG) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 72.5 – 73.5 |
| Target | 77 – 78 |
| StopLoss* | below 70 |
| Duration | 14-15 Trading Days |
| Potential Returns | 5% – 6% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 72.5 – 73.5 | 77 – 78 | below 70 | 14-15 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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NRG Energy (NYSE: NRG) STOCK OVERVIEW
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.
| Stock Data | |
| NYSE Code | NRG |
| Sectoral Index | Utilities |
| 52 Weeks High | 73.1307 |
| 52 Weeks Low | 30.52 |
NRG Energy (NYSE: NRG) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
NRG Energy — NYSE Composite —
NRG Energy (NYSE: NRG) - DAILY TECHNICAL ANALYSIS
- 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
Current RSI of this stock is 76.06, which indicates the strength of buyers.
NRG Energy (NYSE: NRG) - MA CROSS
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.
NRG Energy (NYSE: NRG) - ADX & DI
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.
CONCLUSION - NRG Energy (NYSE: NRG) STOCK PRICE FORECAST
Based on our stock trading advice in USA, NRG Energy stock price target will be USD 77 – USD 78 in the next 14-15 trading sessions.
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