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Archive
- 4/5/2024 -
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NRG Energy (NRG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a sixth positive week after 3 consecutive negative weeks for the NRG Energy (NRG). During the week, the NRG gained 5.08 points, or 7.50%, and closed at 72.77 on Friday, April 5, 2024. Weekly volume was 7% above average.
 Long-term trend: [See NRG long-term trend chart]
A long-term uptrend had started on December 7, 2015 at 8.80 and reached 73.13 on April 4, 2024. NRG gained -64.33 points, or -731.02%, in 434 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (32.60) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See NRG medium-term trend chart]
A medium-term uptrend had started on March 16, 2023 at 30.25 and reached 73.13 on April 4, 2024. NRG gained -42.88 points, or -141.75%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (40.71) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NRG weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 31, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See NRG short-term trend chart]
A short-term uptrend had started on February 12, 2024 at 51.26 and reached 73.13 on April 4, 2024. NRG gained -21.87 points, or -42.66%, in 52 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (72.81). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See NRG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since February 27, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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