NEW ENERGY METALS CORP (ENRG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:ENRG - CA6438443013 - Common Stock
We assign a technical rating of 1 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 technical rating of ENRG is bad and it also does not present a quality setup 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
0.20
When analyzing the support we notice one important area.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance 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.
- Resistance @0.26 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 | 46.98 | NEUTRAL | ENRG.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENRG.CA is below a declining 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) | UP | MIXED | The current price of ENRG.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.23 | NEUTRAL | The RSI value for ENRG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ENRG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.52 | OVERSOLD | The low Stochastics value suggests ENRG.CA may be oversold. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for ENRG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 7.89 | NEGATIVE | The low ADX value for ENRG.CA suggests a weak or negative trend. |
TSX-V:ENRG (1/12/2026, 7:00:00 PM)
0.22
+0.02 (+10%)
NEW ENERGY METALS CORP / ENRG.CA FAQ
Can you provide the ChartMill technical rating for NEW ENERGY METALS CORP?
ChartMill assigns a technical rating of 1 / 10 to ENRG.CA.
What is the trend direction for ENRG stock?
The current trend direction for NEW ENERGY METALS CORP (ENRG.CA) is Bearish.
What is the RSI signal for NEW ENERGY METALS CORP (ENRG.CA) stock?
NEW ENERGY METALS CORP (ENRG.CA) has an RSI value of 47.2313. This indicates that the stock is currently neutral.
What is the buy/sell signal for ENRG stock?
The buy/sell signal for NEW ENERGY METALS CORP (ENRG.CA) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for NEW ENERGY METALS CORP (ENRG.CA) stock?
NEW ENERGY METALS CORP (ENRG.CA) has a support level at 0.2 and a resistance level at 0.23. Check the full technical report for our detailed analysis of ENRG.CA support and resistance levels.