It looks bearish and broke down. It can retest it covid lows. It has high debt and net revenue loss. With high interest rates, a good portion of its revenues will go towards interest payments.
My original chart I posted to add heavy around $30 as this is very strong support here. Highly oversold on many indicators including osciallators, AO, CCI, RSI, Stochastic RSI, holding support, new moon printed. Target holds of $38 to over $40 in coming weeks
Leave it to douchebag analysts to downgrade a stock after it's taken a large gap down and dropped precipitously on a merger buyout. Nonetheless, this is oversold here. We have 2 zones of near term support. View unchanged we should see over $40 in coming weeks, this is an opportunity to ADD. Add again in $32.45 ish and heavy around $30. New moon phase began...
This is a rare weekly chart triangle formation. If the break continues bullish it could run to $54 price target based on the height of the back leg. I'll look at some July - Sep OTM calls and see what the IV and Delta's look like. If this runs it will run for a while. I'll start in small and add if/when the trend builds.
Watching 5/10/22
Utilities in general looking like they want upside. This chart looks great. Nice clean looking wedge break, Cyber divergence showing bullish divergence as well as room for a move to the upside :)
Weekly Class C bullish divergence, and daily bullish divergence here on NRG as the D leg of the Bearish butterfly develops. Youve also got hidden bullish divergence on the money flow.
A Mean-Reversion Play
Power generators like NRG and PNW have been quite beaten down lately, mostly because of surging oil and natural gas prices as we head into winter. NRG is .8 standard deviations below its mean, with 82% upside to its median price multiple of the last 3 years. PNW is currently trading about 3 standard deviations below where it usually trades...
The diverters have already won back, but perhaps this is not the end of the movement, although the deal is very risky. We hold EMA200 during the week, and we also start from the 200th day. In fact, we can also have a large diagonal. In any case, he can make another 10% of the movement.
Possible move with the formation of a large bearish hidden divergence on the...
A whale is buying the JUN 45C in NRG Energy.
I like the chart, gap above on the daily and weekly we can see right at trendline support. I followed the trader here, looking for a move to the upside in the next few weeks.
Also looks like a good entry for a common swing trade if you are not liking the option idea - $34 SL with $45 PT.
Guidance & Growth
NRG is reaffirming its guidance range for 2021 with respect to Adjusted EBITDA, Adjusted Cash from Operations and Free Cash Flow before Growth Investments (FCFbG) which excludes the full year impact of Winter Storm Uri. NRG's FCFbG for the six months ended June 30, 2021 was $768 million.
NRG has a very compelling value proposition, a...
$NRG on daily chart.
Took a few minutes to publish some easy to recognize, bullish and bearish chart patterns on daily charts. Enjoy!
Note: Ascending triangles are generally seen as bullish but can be bearish when the lower trendline is broken.
