APRIL SALE: Save over 60% on our Pro Plans!

NRG dominated by bulls lifting the market higher throughout the day

Technical Analysis Report for NRG - Apr 16, 2018 [1 min read]
NRG rallies 1.96% closing $0.59 higher
NRG dominated by bulls lifting the market higher throughout the day
NRG pushes through 20-day moving average
NRG unable to break through key resistance level
NRG closes higher for the 2nd day in a row
TQ Sentiment
Technical Forecast:

Moving higher for the 2nd day in a row, NRG finished Monday at 30.72 surging $0.59 (1.96%). This is the biggest single day gain in over a month. Today's closing price of 30.72 marks the highest close since March 15th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 30.38, the market confirms its breakout through the previous session's high having traded $0.52 above it intraday.

Daily chart for NRG

Monday's trading range was $0.67 (2.21%), that's slightly above last trading month's daily average range of $0.66. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.


Unable to break through the key technical resistance level at 30.83, the stock closed below it after spiking as high as 30.90 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. NRG Energy managed to break above the 20-day moving average at 30.30 today for the first time since April 9th.

Order Flow

With prices trading close to this year's high at 31.15, upside momentum might accelerate should the share be able to break out to new highs for the year. As prices are trading close to April's low at 29.82, downside momentum could speed up should NRG mark new lows for the month.


Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.

Report Market Conditions
Bounced off Technical Resistance R1 TQ Pro Members Only
Bullish Break through SMA 20 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Strong Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when NRG Energy traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

DAX 12,500.4778.17 0.63%
FTSE 7,421.4342.13 0.57%
USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
HSI 30,007.68-628.56 -2.05%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.