Nrg Energy Inc (NRG): Price Now Near $41.37; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for NRG

At the time of this writing, NRG (Get Ratings)’s price is up $0.52 (1.27%) from the hour prior. NRG has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Utilities stocks, NRG ranks 2nd in regards to today’s price percentage change.

NRG’s Technical Outlook on the Daily Chart

Currently, NRG’s price is up $0.82 (2.04%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as NRG has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows NRG’s price action over the past 90 days.

NRG

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NRG: Daily RSI Analysis

  • For NRG, its RSI is now at 100.
  • NRG and RSI may be exhibiting divergent trends. This may be something to monitor.

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