EON RESOURCES INC (EONR) Stock Technical Analysis
NYSEARCA:EONR - NYSE Arca - US40472A1025 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to EONR. EONR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 0.28 - 0.41 range, which is quite wide. It is currently trading near the lows of this range.
EONR has an average volume of 6981960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of EONR 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
0.32
0.56
We can see 3 important resistance areas.
- A resistance zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.39 from a trend line in the weekly time frame.
- Resistance @0.55 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 | DOWN | NEGATIVE | The short term trend for EONR is down. |
| 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) | DOWN | NEGATIVE | The current price of EONR is below a declining 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) | 39.9 | NEUTRAL | The RSI value for EONR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EONR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.24 | OVERSOLD | The low Stochastics value suggests EONR may be oversold. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for EONR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.06 | NEUTRAL | The ADX value for EONR suggests a possible start of a new 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)
0.3198
+0.02 (+6.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg6.53%
1 Week-3.67%
2 Weeks-8.6%
1 Month-17.53%
3 Month-24.89%
6 Month-60.9%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%8.29%
ATR Inc29.71%
Range Today0.04
ADR(20)0.03
ADR(20)%8.08%
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 High0.36
10 Day Low0.28
20 Day High0.41
20 Day Low0.28
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start0.33
Volume & EV
DER(3)0.92%
DER(5)1.41%
Volume1.19M
Volume Incr-14.05%
Vol(5)1.21M
Vol(50)6.98M