EON RESOURCES INC (EONR) Stock Technical Analysis
NYSEARCA:EONR - NYSE Arca - US40472A1025 - Common Stock - Currency: USD
Taking everything into account, EONR scores 0 out of 10 in our technical rating. EONR'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 210 other stocks in this industry, of which 93% are performing better than EONR.
In the last month EONR has a been trading in the 0.32 - 0.41 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.
EONR has an average volume of 6934620 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
3 important resistance areas can be observed.
- 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 the daily time frame.
- A resistance zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages 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) | 36.5 | 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. |
| Stochastics (14,3) | 14.88 | OVERSOLD | The low Stochastics value suggests EONR may be oversold. |
| Average True Range in percent/ATR (20) | 9.46 | HIGH VOLATILITY | The high ATR as a percentage value for EONR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.84 | POSITIVE | The high ADX value value for EONR suggests a strong 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)
0.3225
-0.03 (-7.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-7.86%
1 Week-12.84%
2 Weeks-18.35%
1 Month-21.34%
3 Month-33.63%
6 Month-70.95%
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)%9.46%
ATR Inc-6.7%
Range Today0.03
ADR(20)0.03
ADR(20)%9.09%
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 High0.41
10 Day Low0.32
20 Day High0.41
20 Day Low0.32
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start0.36
Volume & EV
DER(3)-9.8%
DER(5)-10.35%
Volume1.37M
Volume Incr-71.76%
Vol(5)1.06M
Vol(50)6.93M