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NRG Energy’s Chart Indicators and Short Interest

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Moving averages

NRG Energy (NRG) stock is trading at par with its 50-day moving average and 10% above its 200-day moving average. NRG Energy’s 200-day moving average level of ~$24.6 is expected to act as a support for NRG Energy stock going forward. Currently, NRG Energy stock is trading at $26.9. NRG stock seems to be trading at a fair premium from its support levels.

NRG Energy stock is trading ~10% lower than its 52-week high of $29.8. The stock has risen more than 85% from its 52-week low of $14.5 in May 2017.

NRG dma

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Relative strength index

On March 1, 2018, NRG Energy stock was trading at an RSI (relative strength index) of 67, which is approaching the “overbought” zone.

According to technical analysts, RSI values below 30 suggest that the stock is trading in the “oversold” zone, while values above 70 mean that the stock is trading in the “overbought” zone. RSI values at extremes show an imminent reversal in the stock.

Short interest

The short interest in NRG Energy stock increased 15% on February 15, 2018. On January 31, NRG Energy’s total shorted shares were 16.8 million, while the number grew to 19.3 on February 15, 2018. The increased short interest might mean that more investors expect the stock to fall from the current levels.

The short interest represents the shares that are sold short and not covered back yet. The short interest shows investors’ anxiety.

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