Constellation Energy Corp

CEG remains in a medium-term advance with clear higher highs and lows supported by rising EMAs but faces resistance at the 200-day SMA and a primary Bullish Exhaustion signal that suggests a short-term pullback. Volume on the retracement has been light, indicating limited selling pressure. We will stalk for a deeper pullback into the 9/20 EMA support zone around 283–284 or look for a reclaim and acceptance above this zone before entering.

• ↑Projected 20%+ base earnings growth through 2029; raised EPS guidance to $11.50–$12.50
• ↑Q2 nuclear fleet ran at 93% capacity factor, producing 40 TWh of power
• ↓Negative book-to-price ratio suggests possible overvaluation relative to assets