ENERJEX RESOURCES INC (ENRJ) Stock Technical Analysis
NYSEARCA:ENRJ • US2927584068
Taking everything into account, ENRJ scores 3 out of 10 in our technical rating. ENRJ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 89% of all other stocks performed better in the past year than ENRJ.
- ENRJ 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.
- In the last month ENRJ has a been trading in the 0.15 - 0.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ENRJ has an average volume of 3714310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of ENRJ 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
We found 1 important support area.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 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.
- Resistance @0.26 from a horizontal line in the daily time frame.
- Resistance @0.30 from a trend line in the weekly time frame.
- Resistance @0.36 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 | NEUTRAL | NEUTRAL | The long term trend for ENRJ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENRJ is neutral. |
| ChartMill Relative Strength | 11.11 | NEGATIVE | ENRJ has a low relative strength, it was outperformed by 88.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENRJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ENRJ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENRJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50 | NEUTRAL | The RSI value for ENRJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ENRJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 13.36 | OVERSOLD | The low Stochastics value suggests ENRJ may be oversold. |
| Average True Range in percent/ATR (20) | 29.24 | HIGH VOLATILITY | The high ATR as a percentage value for ENRJ suggests high volalility. |
0.205
+0.03 (+20.59%)
ENERJEX RESOURCES INC / ENRJ FAQ
What is the ChartMill technical rating of ENERJEX RESOURCES INC (ENRJ) stock?
ChartMill assigns a technical rating of 3 / 10 to ENRJ.
What is the current trend direction of ENERJEX RESOURCES INC (ENRJ) stock?
The current trend direction for ENERJEX RESOURCES INC (ENRJ) is Bearish.
What is the RSI signal for ENERJEX RESOURCES INC (ENRJ) stock?
ENERJEX RESOURCES INC (ENRJ) has an RSI value of 50.0034. This indicates that the stock is currently neutral.
What is the MACD signal for ENRJ stock?
The MACD indicator for ENERJEX RESOURCES INC (ENRJ) has a value of 0.000540796, indicating a bearish trend.