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 BUY   NRG Energy (NYSE: NRG)

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.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview and Social Media. Be assured such records are permanent and irreversible.

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 CodeNRG
Sectoral IndexUtilities
52 Weeks High73.1307
52 Weeks Low30.52

NRG Energy (NYSE: NRG) - RELATIVE STRENGTH

NRG-RELATIVE STRENGTH

Relative Performance - Last 1 Year

NRG Energy —     NYSE Composite —

NRG Energy (NYSE: NRG) - DAILY TECHNICAL ANALYSIS

NRG-DAILY TECHNICAL ANALYSIS
NRG Energy - Technical Analysis (Daily)
  • 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

NRG Energy - RSI

Current RSI of this stock is 76.06, which indicates the strength of buyers.

NRG Energy (NYSE: NRG) - MA CROSS

NRG Energy - 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

NRG Energy - 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.

NRG Energy (NYSE: NRG) TRADINGVIEW POSITION UPDATE

Follow NRG Energy (NYSE: NRG) TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  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 of 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 a Certified Financial Technician (CFTe) 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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