The Hourly View for NRG
At the moment, NRG (Get Ratings)’s price is down $-0.04 (-0.1%) from the hour prior. NRG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being below it. 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.
NRG’s Technical Outlook on the Daily Chart
Currently, NRG’s price is down $-0.2 (-0.52%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend 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.
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The post Nrg Energy Inc (NRG): Price Now Near $38.53; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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