Tln stock price forecast short-term traders eye Fibonacci

Short-term traders eye Fibonacci retracement levels post recent rally. The tln stock price forecast aligns with retracement support near $16.85 before another leg higher toward $18. Talen Energy Corporation (NASDAQ:TLN) made headlines last year after it sold its hyperscale data center campus in Pennsylvania to Amazon Web Services Inc. for $650 million. The 960 MW campus was meant to be powered by Talen’s Susquehanna Nuclear Power Plant. However, not all has gone as planned after the Federal Energy Regulatory Commission (FERC) voiced concerns about how the campus might affect power reliability and costs for the general public. FERC rejected Talen’s request to increase power supplied to the data center beyond 300 MW and has since denied any requests to reconsider. To track insider transactions, check out Quiver Quantitative's insider trading dashboard. Positive free cash flow generation underpins TLN’s dividend stability, which in turn anchors the tln stock price forecast around the $18 level in base-case models.