We assign a technical rating of 2 out of 10 to EONR. 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.
- 92% of all other stocks performed better in the past year than EONR.
- EONR is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 88% of 207 stocks in the same industry do better.
- EONR 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.
- EONR has an average volume of 1367880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month EONR has a been trading in the 0.36 - 0.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 very little resistance above the current price.
More info and screens
0.37
We found 2 important support areas.
- Support @0.38 from a trend line in the daily time frame.
- Support @0.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.54 from a trend line in the weekly 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 EONR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EONR is neutral. |
| ChartMill Relative Strength | 8.64 | NEGATIVE | EONR has a low relative strength, it was outperformed by 91.36% 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 | MIXED | The current price of EONR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EONR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | 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. |
| Stochastics (14,3) | 48.28 | NEUTRAL | The Stochastics value for EONR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.34 | HIGH VOLATILITY | The high ATR as a percentage value for EONR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.39 | NEUTRAL | The ADX value for EONR suggests a possible start of a new trend. |
0.44
+0.03 (+6.8%)
EON RESOURCES INC / EONR FAQ
What is the technical rating for EONR stock?
ChartMill assigns a technical rating of 2 / 10 to EONR.
What is the current trend direction of EON RESOURCES INC (EONR) stock?
The current trend direction for EON RESOURCES INC (EONR) is Bearish.
Can you provide the RSI signal for EON RESOURCES INC?
EON RESOURCES INC (EONR) has an RSI value of 58.2417. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EON RESOURCES INC?
The short term momentum for EON RESOURCES INC (EONR) is neutral.