ENERGEN CORP (EGN) Technical Analysis
NYSE:EGN • US29265N1081
Current stock price
EGN Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to EGN. Although EGN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- EGN has an average volume of 1288080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, EGN did better than 89% of all other stocks. However, EGN's most recent performance is quite weak.
- EGN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EGN is lagging the market slightly.
- In the last month EGN has a been trading in the 66.76 - 76.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
EGN Weekly and Daily overview Charts
EGN Setup Rating and Analysis
EGN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 72.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.67, a Stop Loss order could be placed below this zone.
More info and screens
EGN Support and Resistance Analysis
52.80
We found 2 important support areas.
- A support zone ranging from 67.47 to 67.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.33 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 72.70 to 74.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
EGN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EGN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGN is neutral. |
| ChartMill Relative Strength | 89.16 | POSITIVE | EGN has a high relative strength, it outperformed 89.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.38 | NEUTRAL | The RSI value for EGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests EGN has a positive trend. |
| Stochastics (14,3) | 54.04 | NEUTRAL | The Stochastics value for EGN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for EGN suggests some volalility. |
EGN Chart- and CandleStick Pattern Analysis
EGN Technicals: Chart, Performance Metrics, Trend & Indicators
72.12
+1.49 (+2.11%)
ENERGEN CORP / EGN TA FAQ
Can you provide the ChartMill technical rating for ENERGEN CORP?
ChartMill assigns a technical rating of 4 / 10 to EGN.
What is the trend direction for EGN stock?
The current trend direction for ENERGEN CORP (EGN) is Bearish.
What is the RSI signal for ENERGEN CORP (EGN) stock?
ENERGEN CORP (EGN) has an RSI value of 48.3848. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ENERGEN CORP?
The short term momentum for ENERGEN CORP (EGN) is neutral.
Can you provide the support and resistance levels for ENERGEN CORP?
ENERGEN CORP (EGN) has a support level at 67.67 and a resistance level at 72.7. Check the full technical report for our detailed analysis of EGN support and resistance levels.