NEW ENERGY METALS CORP (ENRG.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:ENRG • CA6438443013
Taking everything into account, ENRG scores 4 out of 10 in our technical rating. In the past year, ENRG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, ENRG is a bad performer in the overall market: 67% of all stocks are doing better.
- ENRG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: ENRG has an average volume of 11279 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month ENRG has a been trading in the 0.20 - 0.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ENRG has an average technical rating and it also does not offer a high 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 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.32 from a trend line in the daily time frame.
- Resistance @0.33 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for ENRG.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENRG.CA is neutral. |
| ChartMill Relative Strength | 33.17 | NEUTRAL | ENRG.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENRG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ENRG.CA is below the rising 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) | 49.68 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 36 | NEUTRAL | The Stochastics value for ENRG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.65 | HIGH VOLATILITY | The high ATR as a percentage value for ENRG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 9.5 | NEGATIVE | The low ADX value for ENRG.CA suggests a weak or negative trend. |
TSX-V:ENRG (1/28/2026, 7:00:00 PM)
0.24
-0.02 (-7.69%)
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 4 / 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 49.6796. This indicates that the stock is currently neutral.
What is the support and resistance level for ENRG stock?
NEW ENERGY METALS CORP (ENRG.CA) has a support level at 0.2 and a resistance level at 0.25. Check the full technical report for our detailed analysis of ENRG.CA support and resistance levels.