$CEG Reversal on its wayI like this stock for it's unique offer of sustainable utilities services and supplies 10% of US market. Increasing volume as it reverses and sitting on 8 EMA.
CEG trade ideas
CEG Entry, Volume, Target, StopEntry: with price at or slightly above 110.26
Volume: with volume greater than 1.5M
Target: 119.60 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 110.26 & target of 119.60, a stop at 107.15 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$CEG Constellation Energy Corporation ( NASDAQ:CEG ) experienced a slight decline of -0.299% on the last trading day, Friday, 21st Jul 2023, with the stock price dropping from $96.89 to $96.60. Throughout the day, the stock fluctuated 1.79%, reaching a low of $96.42 and a high of $98.15. Over the past two weeks, the stock has shown a 5.77% gain, indicating periods of both upward and downward movement. However, it's worth noting that on the last day, trading volume increased by 1 million shares, despite the falling prices, which could be an early warning sign, leading to a slightly increased risk over the next few days. The total number of shares bought and sold amounted to approximately $291.72 million.
Currently, the stock is positioned in the middle of a narrow and strong rising trend in the short term, signaling the possibility of further upward movement. Based on the current short-term trend, the stock is expected to rise by 28.23% in the next 3 months, with a 90% probability of holding a price between $121.66 and $126.07 at the end of this 3-month period.
Signals and Forecast for CEG:
The Constellation Energy Corporation stock shows buy signals from both short and long-term Moving Averages, indicating a positive forecast for the stock. Additionally, there is a general buy signal based on the relationship between the short-term and long-term averages, with the short-term average above the long-term average. On price corrections downward, there may be some support levels at $95.72 and $92.40. However, a breakdown below any of these levels could issue sell signals. Furthermore, the 3-month Moving Average Convergence Divergence (MACD) also indicates a buy signal. While some negative signals were also issued, they may influence the near short-term development of the stock. A sell signal was previously issued from a pivot top point on Thursday, July 20, 2023, and so far, the stock has experienced a decline of -0.299%. This suggests the possibility of further decline until a new bottom pivot is established. The fact that volume rose on falling prices yesterday could be an early warning, indicating that the stock should be monitored more closely.
$CEG NASDAQ:CEG , Weekly cup , looking
for break of hod 95.53 ,
to swing some 96 calls
into a possible move to
98 , slow mover buy if
XLE is fire! we get it !
risking , 95
CorrectingAfter the outbreak at the beginning of May we've seen a straight upward move without any major correction. Now that the overall mood turns to the downside Costellation may want to follow this mood. A healthy correction may be needed to continue a possible rise. But as long to many people are sitting on profits there is always a danger of a correction to take profit to avoid losing parts of it.
CEG , LONGThis is from my TT's list , these stocks must meet the following 4 things :
Gaps from their highs to their lows
Exceptional RS vs SPY and QQQ
Tight moves no "loosey goosey stuff"
Above last GLB
TT's stands for "Top Trender's" , who doesn't like TT's ;)
Did not give us the best risk vs reward setup ( unless one was quicker at entering of-course) , stop is farther than I would like vs entry , but I anticipated and planned it in advance as one of my favorite of the bunch , it was this , ENPH or TH . I decided on this one . I only take entries in the final 30 min of the day so sometimes a stock moves a little more than I like in the day but that is one of the cons of my strategy , on the pro side , this method does a great job of filtering out false signals
Trade management -
Standard procedure ...
Constellation Energy $CEG leading the energy transition?Constellation Energy provides power, natural gas, renewable energy, and energy management products and services. They are the largest producer of carbon-free and low-emissions energy in the US.
NASDAQ:CEG is in a clear uptrend with great relative strength against its benchmarks. Just look at AMEX:XLE and NASDAQ:QCLN .
NASDAQ:CEG is clearly leading.
I see an actionable first buy at yesterday's high as that would cancel the outside reversal. It would be very bullish.
A second buy point is at $90.20, which would be an ATH.
Lets see if the MAs can hold the price.
Follow up to Constellation Energy CorporationVery interesting IPO, it has growing 140% this year and now is in ATH, It bounced on MA50 y just broken a Triple Top (3T). It belongs to a strong sector, can go up for the next weeks. The better way is waiting for a pullback NASDAQ:CEG
10/5/22 CEGConstellation Energy Corporation ( NASDAQ:CEG )
Sector: Utilities (Electric Utilities)
Market Capitalization: $29.200B
Current Price: $88.17
Breakout price: $89.45
Buy Zone (Top/Bottom Range): $86.80-$82.45
Price Target: $93.20-$95.00
Estimated Duration to Target: 21-23d
Contract of Interest: $CEG 11/18/22 95c
Trade price as of publish date: $3.00/contract
OutbreakWe have exceeded a rising wedge today within a clearly favourable market. It had looked like a banner stick until mid August but instead a correction we got this rising wedge from which we've been broken out today.
CEG - LongI did buy into CCEG on the breakout yesterday - frustratingly I couldn't post this as I was at an Expo.
Its breaking out from an area of very tight consolidation (and has previously had a very sharp move up!)
Tight stop + High RR
$CEG IPO Possibly Setting Up$CEG that i've posted about previously is now making it from my larger watchlist to my secondary WL.
Would be ideal if it puts an inside day tomorrow and come out Thursday (orange bars).
Will be watching it.
$CEG IPO in Energy Sector$CEG is an interesting IPO in the electricity, natural gas, solar or renewable energy market.
Interesting low pivot here right below its 50 MA.
IPOs holding up like this in a bear market always get my attention.
