Technical analysis wrap-up for Monday market close

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TrendAnalyzer analyzing key trends in the market. With a focus on identifying and interpreting market movements, TrendAnalyzer provides insightful updates and actionable insights to help investors understand and capitalize on emerging trends.
 

•  12 May 2025
 

$AXS Axis Capital Holdings has reached a 52-week high at $100.54, but the stock’s recent sideways trend and the -0.68% dip today suggest some caution at this level. Investors may want to reassess their positions before considering further upside, especially given the RSI reading of 59.50, indicating that the stock isn't necessarily overbought yet, but it’s a bit extended for now.

$NRG saw a stunning 26.28% surge, reaching a new all-time high of $150.61, boosted by a $12 billion deal in power assets. This move is backed by an RSI of 82.14, signaling that the stock is in an uptrend and could continue to climb in the near term as long as the momentum holds. NRG’s breakout from recent levels could be a signal for those looking for a high-growth opportunity, but watch for potential pullbacks as the RSI enters overbought territory.

$AMZN also showed a strong 8.07% rise, crossing above its 200-day moving average at $199.15, which could mark a new bullish phase. Trading at $208.64, Amazon’s uptrend is solidified by the RSI at 66.15, and a close above the key moving average suggests a bullish continuation. While the stock isn’t overly stretched, those looking for stability and growth may find this setup appealing.

$SHOP is in breakout territory after climbing 13.7% to $104.34, now trading well above its 20-day and 50-day moving averages. With a slight dip in volume from the average, the strong upward momentum and RSI of 57.53 indicate room for further growth, though traders should keep an eye on any signs of exhaustion.

$GOOG has seen a 3.37% gain to $159.58, but with its RSI of 49.21 and a downtrend on the longer-term charts, it’s hard to be overly bullish here. Alphabet remains an attractive long-term hold, but its near-term price action could face more volatility before a meaningful recovery.

$MPC, which saw a 4.78% increase today to $158.14, it’s clear that the stock is crossing above its 200-day moving average with positive volume and an RSI of 73.37. This signals a potential for further gains, but traders should be aware of possible resistance if the price approaches key levels.

$TSLA is flashing a buy signal with a notable 6.75% increase to $318.38, breaking above its 200-day moving average with solid volume. The RSI of 66.08 shows the stock is not yet overheated, making Tesla an attractive candidate for traders eyeing a momentum-based move.

Bottom line – With all eyes on these movements, $NRG stands out as the most attractive near-term opportunity. The combination of solid uptrend momentum and a reasonable RSI suggests that the stock could continue to push higher, especially for those looking for growth. While other stocks like $AMZN and $TSLA offer solid setups, NRG’s breakout today and bullish fundamentals make it the one to watch.