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Downtrend ResistanceArchive
- 4/26/2024 -
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NRG Energy (NRG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the NRG Energy (NRG). During the week, the NRG gained 2.84 points, or 4.06%, and closed at 72.81 on Friday, April 26, 2024. Weekly volume was -35% below average.
NRG is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NRG long-term trend chart]
A long-term uptrend had started on December 7, 2015 at 8.80 and reached 76.54 on April 15, 2024. NRG gained -67.74 points, or -769.77%, in 436 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (32.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 May 4, 2023 at 30.52 and reached 76.54 on April 15, 2024. NRG gained -46.02 points, or -150.79%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (45.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See NRG short-term trend chart]
A short-term downtrend had started on April 15, 2024 at 76.54 and reached 69.11 on April 19, 2024. NRG lost 7.43 points, or 9.71%, in 4 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (66.01) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.
 Daily Technical Indicators: [See NRG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 12, 2024. This is an indication that the short-term trend is down.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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