NRG Energy

  • NRG

  • $94.65

  • -2.31%

  • $97.23

  • $97.76

  • $94.65

Upticks

Ticker Appearances

Wed, October 9, 2024 | 2:52PM ET

⚡ FlashInsights

Wed, October 9, 2024 | 2:52PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
NRG -2.31%  and VST -4.59%  both lower by more than 4% today as the Power generation stocks start to retreat after huge rallies over the last month. VST had actually surpassed NVDA over the last month to be ^SPX 0.20% 's top performing sector and is still up =217.65% vs. NVDA's +165.74% in Year-to-Date terms through 10/9/24. NRG -2.31%  as shown below, is pulling back and should retest the pivot point of its breakout which I expect to be strong support on this decline.. this should come in between $85.50-$86.50 and provide a counter-trend rally. The key takeaway is that the selling pressure in Utilities remains early to make any larger calls on this sector. On a relative and absolute basis, XLU -0.29%  and RYU are still trending higher on an intermediate-term basis, and i expect this recent near-term selling pressure should prove short-lived.
Tickers

Daily Technical Strategy
Mon, September 30, 2024 | 8:26PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Upticks - September 2024

UPTICKS - NEWTON'S LAW Source: Fundstrat, Bloomberg UPTICKS ADDITIONSNRG Energy - NRG -2.31% - Added on 9/20Uber Technologies- UBER 1.16%  - Added on 9/20Palantir Technologies- PLTRJohnson Controls -...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: 7584e7-ae0e4f-6a2286-e059cf-305f08

Daily Technical Strategy
Tue, June 18, 2024 | 6:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Utilities is being raised to Neutral technically on recent weakness

S&P IS GROWING CLOSER TO ITS SHORT-TERM UPSIDE TECHNICAL TARGET OF 5521, WHILE QQQ ALSO IS NEARING RESISTANCE A BIT HIGHER THAN 483-5 MENTIONED LAST...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: 7584e7-ae0e4f-6a2286-e059cf-305f08

Daily Technical Strategy
Thu, May 9, 2024 | 6:33PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

What does this surge in Utilities mean for the Stock market?

EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME WITHIN STRIKING DISTANCE OF LATE MARCH PEAKS.   SPX HAS NEARLY RECAPTURED ALL OF THE PERIOD OF WEAKNESS...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: 7584e7-ae0e4f-6a2286-e059cf-305f08

Events

Tickers

Trending tickers in our research