EON RESOURCES INC (EONR) Stock Technical Analysis
NYSEARCA:EONR - US40472A1025 - Common Stock
0.348 USD
-0.01 (-2.36%)
0.3505 USD
+0 (+0.72%)
Taking everything into account, EONR scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EONR was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, EONR is a bad performer in the overall market: 100% of all stocks are doing better.
EONR is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 93% are performing better than EONR.
In the last month EONR has a been trading in the 0.27 - 0.39 range, which is quite wide. It is currently trading near the high of this range.
EONR has an average volume of 2865700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EONR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.36. Right above this resistance zone may be a good entry point.
More info and screens
0.34
0.55
We found 1 important support area.
- A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.54 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 EONR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EONR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | EONR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EONR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EONR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EONR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.02 | NEUTRAL | The RSI value for EONR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EONR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.46 | NEUTRAL | The Stochastics value for EONR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for EONR suggests high volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for EONR 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)
0.348
-0.01 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.36%
1 Week-3.87%
2 Weeks16.39%
1 Month15.61%
3 Month1.46%
6 Month-36.72%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%8.31%
ATR Inc-4.75%
Range Today0.04
ADR(20)0.03
ADR(20)%8.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.39
10 Day Low0.29
20 Day High0.39
20 Day Low0.27
52 Week HighN/A
52 Week LowN/A
CS1 End0.34
CR1 Start0.36
Volume & EV
DER(3)-5.56%
DER(5)-4.36%
Volume956.90K
Volume Incr-21.1%
Vol(5)949.74K
Vol(50)2.87M