NRG Energy Stock Still Looks Strong
Strangely, NRG Energy (NRG) stock remains strong even after soaring 45% in the last three months. It is currently trading 9% and 33% above its 50-DMA (day moving average) and 200-DMA, respectively. The fair premium to both moving averages highlights the stock’s strength. Its 50-DMA may now act as a support in the short term. The stock’s 50-DMA crossing above its 200-DMA signals bullishness. When a stock price rises above a particular moving average, it’s a bullish sign, and when it falls below, it’s a bearish sign.
Interested in NRG? Don't miss the next report.
Receive e-mail alerts for new research on NRG
Relative strength index
Currently, NRG Energy’s RSI (relative strength index) score is 63. The RSI is a momentum indicator that consists of values between zero and 100.
Movements below 30 are in the “oversold” zone, while movements above 70 are in the “overbought” zone. Extreme RSI levels could indicate an imminent reversal. For a detailed analysis of NRG Energy’s 4Q16 earnings, read NRG Energy: 4Q16 Revenues Fell, but Analysts See a Rally in 2017.