NEW ENERGY METALS CORP (ENRG.CA) Stock Technical Analysis
TSX-V:ENRG - TSX Venture Exchange - CA6438443013 - Common Stock - Currency: CAD
We assign a technical rating of 2 out of 10 to ENRG. ENRG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month ENRG has a been trading in the 0.22 - 0.33 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ENRG has an average volume of 7083 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, ENRG did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ENRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENRG is lagging the market.
Considerably lower volume is observed in the last couple of days.
ENRG has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.21
0.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.29 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ENRG.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENRG.CA is down. |
| ChartMill Relative Strength | 78.92 | POSITIVE | ENRG.CA has a high relative strength, it outperformed 78.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ENRG.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENRG.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENRG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.24 | NEUTRAL | The RSI value for ENRG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ENRG.CA has a positive trend. |
| Stochastics (14,3) | 54.17 | NEUTRAL | The Stochastics value for ENRG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for ENRG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.5 | NEGATIVE | The low ADX value for ENRG.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:ENRG (8/1/2025, 7:00:00 PM)
0.245
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week6.52%
2 Weeks-5.77%
1 Month8.89%
3 Month-5.77%
6 Month-44.94%
12 Month63.33%
2 Year-45.56%
3 Year-59.17%
5 Year-59.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%7.65%
ATR Inc-64.1%
Range Today0
ADR(20)0
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.92
Mansfield-1.43
10 Day High0.25
10 Day Low0.23
20 Day High0.33
20 Day Low0.22
52 Week High0.54
52 Week Low0.1
CS1 End0.24
CR1 Start0.25
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-76.75%
Vol(5)3.10K
Vol(50)7.08K