CEG eyes on $ 268 above, 251 below : at ATH, Dip or Break-n-Run?CEG has been a high flyer since IPO. Now consolidating between two fibs. Break of either should pop to next fib. ================================== . by EuroMotifUpdated 2
CEG - Bullish Chart Time Interval - 1 Hour Why - Bullish Rectangle Pattern Buy Above 270 Target Price - 297 Stop Loss - 261 Longby crazy_stockPublished 1
Incredibly bullish to the high side of 200 on technical.The high side is 290 with another monthly candle, the same size as the previous one. Catalyst has put this into a new trend, which, compared to indicators, could fluctuate in the short term but could recover in the long term.Longby themoneyman80Published 0
Constellation Energy to Restart Three Mile Island Nuclear PlantIn a bold move to address the growing energy demands of the tech sector, Constellation Energy (NASDAQ: NASDAQ:CEG ) announced plans to restart the Unit 1 reactor of the historic Three Mile Island nuclear plant. The power generated from this reactor will be sold to Microsoft under a groundbreaking 20-year agreement, marking a major development in the energy and technology industries. Powering AI and Data Centers Constellation’s decision to bring the reactor back online, expected in 2028, reflects the immense power needs of modern data centers—especially as artificial intelligence (AI) continues to grow. AI systems and data centers require vast amounts of electricity, and tech companies like Microsoft are seeking innovative ways to ensure their energy consumption aligns with carbon-free goals. By securing nuclear energy from Three Mile Island, Microsoft is taking a significant step toward decarbonizing its operations, part of its commitment to become carbon negative. Bobby Hollis, Vice President of Energy at Microsoft, called the deal “a major milestone in Microsoft's efforts to help decarbonize the grid,” emphasizing how crucial clean energy is for the tech industry. A Historic Rebirth of Nuclear Power The Unit 1 reactor, which was shut down in 2019 due to economic challenges posed by cheaper natural gas and renewable energy sources, is being revived as part of a $1.6 billion investment by Constellation Energy. The announcement positions nuclear power as a critical player in the clean energy transition, especially as the tech industry’s energy consumption grows. Nuclear power is increasingly viewed as a reliable, carbon-free option that can meet 24/7 energy demands—something essential for operations like AI data centers. Joe Dominguez, CEO of Constellation, stated, “This decision is the most powerful symbol of the rebirth of nuclear power as a clean and reliable energy resource.” He further highlighted that restarting the plant would allow nuclear energy to once again contribute to both technological and environmental advancements. The facility will be renamed the Crane Clean Energy Center, in honor of Chris Crane, the late CEO of Constellation’s former parent company. A New Era for Three Mile Island This announcement marks the second time in U.S. history that a nuclear plant will be restarted after a previous shutdown. Constellation’s move has significant implications for the nuclear power industry, which has faced decades of challenges and plant closures. Three Mile Island itself is no stranger to history, as its Unit 2 reactor was the site of the worst nuclear accident in U.S. history in 1979. The Unit 2 reactor remains decommissioned and is not part of the restart plan. Constellation will apply for a license extension to continue operating Unit 1 until at least 2054, with the approval process expected to be completed by 2027. The restart will only proceed if it receives clearance from the Nuclear Regulatory Commission (NRC) and approval from PJM Interconnection, the grid operator for the mid-Atlantic region. Surging Demand for Nuclear Power in Tech The demand for energy from tech companies like Microsoft is only expected to increase in the coming years, with some projections estimating that data centers will consume up to 8% of total U.S. electricity demand by 2030, compared to just 3% today. Nuclear energy, with its ability to provide consistent, carbon-free power, is quickly becoming a viable solution for these rising needs. Microsoft is not alone in its pursuit of nuclear power for AI and data center operations. Amazon Web Services has also inked deals to power data centers with nuclear energy, and Oracle recently announced plans for a data center powered by small nuclear reactors. These moves are part of a broader trend in the tech industry to align growing energy needs with environmental commitments. A Record Stock Surge The market responded swiftly to Constellation’s announcement, sending the company’s stock soaring by 21%. This surge caps a stellar year for the energy provider, with its shares more than doubling in value year to date. Microsoft’s stock saw a slight dip following the announcement as part of a broader tech sector sell-off, but the long-term benefits of its clean energy deal are expected to bolster its carbon-negative ambitions. The Future of Energy and Technology Constellation’s partnership with Microsoft signals the future of energy and technology, where nuclear power, long sidelined by economic and environmental challenges, is stepping back into the spotlight as a key player in the transition to clean energy. As AI and data center demand continue to rise, tech companies will likely turn to nuclear energy to meet their needs in a sustainable way. This deal represents not only a major leap for Constellation Energy (NASDAQ: NASDAQ:CEG ) but also a broader rebirth of nuclear power in the U.S., as it becomes an essential part of the energy mix for both industry and technology in the decades to come.Longby DEXWireNewsPublished 3
Target 204 for a reversal or above 200 before it breaks downIt is at a pivotal moment once again as resistance approaches, with indicators moving into overbought territory this looks certain for a swing and reversal.Shortby themoneyman80Published 0
Death cross on the Stochastics 170 and that's conservativeI like the way this has positioned itself and would like to see a follow-through as a death cross on stochastic at an all-time high of 93, with a head-and-shoulders pattern formed; I personally don't see a breakout but rather a decline.Shortby themoneyman80Published 0
CEG has broke out of the pennant and is ready to RISEEThe pennant after the price run has broken out and is ready to riseLongby lawmuicUpdated 116
Just not there yet, close in the shadeSix pivots on resistance to 3 on support, very nervy, especially with 100 turning over to go on the downside. That being said, indicators are ready to rise, except on the Bollinger, we may have some more downside. The crossover could prove vital at this stage.Shortby themoneyman80Published 0
200 very close to the next level of supportIt will continue to go down due to the room at RSI and stochastic, but it will have potential. One piece of the puzzle is the EMA 100, which seems to be creeping up to 200; it is currently at 195.Shortby themoneyman80Published 0
$CEG Breaking out? Likely CEG attempting to break out of wedge trendline. Looking at the last candle, it closes marginally higher with an engulfing candle and more importantly a lower volume than previous day. Boom! Longby Silverbullet121Published 0
ConstelayshThinking about CEG, Thinking it should break my line. Looks like its above the 20. Thinking we may or may not have something here...Longby WilziacPublished 334
indicators headed one way up 220This is a chart that has been following the rules of support and resistance. With the current state of affairs, there is room to run on the stochastic, and the RSI and MACD still have room to go. The SMAA 100 at 189, getting closer to 200, may retrace to that level once it is time for a reversal.by themoneyman80Published 0
The Bullish Case for CEGThere's been and could still be good buying opportunities for CEG here as we see an uptrend occur. In addition, FV gaps are being respected as seen with the purple rectangle (Wicks have entered into the triangle but price then bounce up & out). I think we could continue to see a steady increase in CEG stock priceLongby NBA_VicUpdated 1
still bullish to test highIt seems like it will go higher or maybe retrace from the 233 region unless it goes higher than the last high before a correction is seen.by themoneyman80Published 0
$CEG A nice break out after 1 month rangeSimilar play with NYSE:VST and NYSE:NRG Looks like AI utility names are not going to stop. by infinity_kkPublished 3
$CEG Reversal on its wayI like this stock for it's unique offer of sustainable utilities services and supplies 10% of US market. Increasing volume as it reverses and sitting on 8 EMA. Longby Silverbullet121Published 0
CEG Entry, Volume, Target, StopEntry: with price at or slightly above 110.26 Volume: with volume greater than 1.5M Target: 119.60 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 110.26 & target of 119.60, a stop at 107.15 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader. Longby tradepatientlyUpdated 2
$CEG Constellation Energy Corporation ( NASDAQ:CEG ) experienced a slight decline of -0.299% on the last trading day, Friday, 21st Jul 2023, with the stock price dropping from $96.89 to $96.60. Throughout the day, the stock fluctuated 1.79%, reaching a low of $96.42 and a high of $98.15. Over the past two weeks, the stock has shown a 5.77% gain, indicating periods of both upward and downward movement. However, it's worth noting that on the last day, trading volume increased by 1 million shares, despite the falling prices, which could be an early warning sign, leading to a slightly increased risk over the next few days. The total number of shares bought and sold amounted to approximately $291.72 million. Currently, the stock is positioned in the middle of a narrow and strong rising trend in the short term, signaling the possibility of further upward movement. Based on the current short-term trend, the stock is expected to rise by 28.23% in the next 3 months, with a 90% probability of holding a price between $121.66 and $126.07 at the end of this 3-month period. Signals and Forecast for CEG: The Constellation Energy Corporation stock shows buy signals from both short and long-term Moving Averages, indicating a positive forecast for the stock. Additionally, there is a general buy signal based on the relationship between the short-term and long-term averages, with the short-term average above the long-term average. On price corrections downward, there may be some support levels at $95.72 and $92.40. However, a breakdown below any of these levels could issue sell signals. Furthermore, the 3-month Moving Average Convergence Divergence (MACD) also indicates a buy signal. While some negative signals were also issued, they may influence the near short-term development of the stock. A sell signal was previously issued from a pivot top point on Thursday, July 20, 2023, and so far, the stock has experienced a decline of -0.299%. This suggests the possibility of further decline until a new bottom pivot is established. The fact that volume rose on falling prices yesterday could be an early warning, indicating that the stock should be monitored more closely.by MPWRTRADESPublished 1
$CEG NASDAQ:CEG , Weekly cup , looking for break of hod 95.53 , to swing some 96 calls into a possible move to 98 , slow mover buy if XLE is fire! we get it ! risking , 95Longby MPWRTRADESPublished 0
CorrectingAfter the outbreak at the beginning of May we've seen a straight upward move without any major correction. Now that the overall mood turns to the downside Costellation may want to follow this mood. A healthy correction may be needed to continue a possible rise. But as long to many people are sitting on profits there is always a danger of a correction to take profit to avoid losing parts of it.Shortby motleifaulUpdated 220
CEG , LONGThis is from my TT's list , these stocks must meet the following 4 things : Gaps from their highs to their lows Exceptional RS vs SPY and QQQ Tight moves no "loosey goosey stuff" Above last GLB TT's stands for "Top Trender's" , who doesn't like TT's ;) Did not give us the best risk vs reward setup ( unless one was quicker at entering of-course) , stop is farther than I would like vs entry , but I anticipated and planned it in advance as one of my favorite of the bunch , it was this , ENPH or TH . I decided on this one . I only take entries in the final 30 min of the day so sometimes a stock moves a little more than I like in the day but that is one of the cons of my strategy , on the pro side , this method does a great job of filtering out false signals Trade management - Standard procedure ... Longby NAK1987Published 0
Constellation Energy $CEG leading the energy transition?Constellation Energy provides power, natural gas, renewable energy, and energy management products and services. They are the largest producer of carbon-free and low-emissions energy in the US. NASDAQ:CEG is in a clear uptrend with great relative strength against its benchmarks. Just look at AMEX:XLE and NASDAQ:QCLN . NASDAQ:CEG is clearly leading. I see an actionable first buy at yesterday's high as that would cancel the outside reversal. It would be very bullish. A second buy point is at $90.20, which would be an ATH. Lets see if the MAs can hold the price. Longby dpuleo19Updated 3
Follow up to Constellation Energy CorporationVery interesting IPO, it has growing 140% this year and now is in ATH, It bounced on MA50 y just broken a Triple Top (3T). It belongs to a strong sector, can go up for the next weeks. The better way is waiting for a pullback NASDAQ:CEGLongby HyenukChuPublished 3326