ENERGEN CORP (EGN) Stock Technical Analysis
NYSE:EGN - New York Stock Exchange, Inc. - US29265N1081
Taking everything into account, EGN scores 5 out of 10 in our technical rating. 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
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52.80
When analyzing the support we can see 2 important 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.
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. |
72.12
+1.49 (+2.11%)