• 100% technical buy signals
• 11 new highs and up 12.93% in the last month
• 39.70+ Weighted Alpha

The Chart of the Day belongs to renewable energy electric utility Constellation Energy (CEG). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 5/5 the stock gained 34.05%.

(Click on image to enlarge)

CEG Price vs Daily Moving Averages

Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, and other energy-related products and services. The company has approximately 32,355 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 39.70+ Weighted Alpha
• 35.18% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 12.93% in the last month
• Relative Strength Index 79.15%
• Technical support level at $105.46
• Recently traded at $16.56 with 50 day moving average of $94.72

Fundamental Factors:

• Market Cap $34.27 billion
• P/E 44.42
• Dividend yield 1.07%
• Revenue expected to be down 2.30% this year but up by .80% next year
• Earnings estimated to increase 1,087.80% this year, an additional 22.70% next year and continue to compound at an annual rate of 30.70% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 2 strong buy, 7 buy and 5 hold opinions on the stock
• Analysts gave price targets of $51 to $125 with a consensus of $109
• The individual investors following the stock on Motley Fool voted 7 to 1 for the stock to beat the market with their most experienced investors voting 1 to 0 for the same result
• CFRAs MarketScope rates it a hold with a price target of $109

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