ENERPLUS CORP (ERF)
CA2927661025 - Common Stock
Taking everything into account, ERF scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERF is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
ERF is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. ERF outperforms 88% of them.
ERF is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ERF is leading the market.
In the last month ERF has a been trading in the 19.31 - 20.96 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ERF has an average volume of 3485490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ERF is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ERF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.22
20.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.83 to 20.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.90 to 14.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @13.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.67 to 20.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.3
Mansfield1.38
10 Day High20.97
10 Day Low19.65
20 Day High20.97
20 Day Low19.31
52 Week High20.97
52 Week Low13.46
Performance
1 Week3.08%
2 Weeks-1.06%
1 Month5.47%
3 Month40%
6 Month19.6%
12 Month36.63%
2 Year66.99%
3 Year280.63%
5 Year123.39%
10 Year-7.97%
15 Year8.26%
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)
Technical Indicators
MACD(12,26,9)-0.11
RSI(14)67.64
LBB19.82
UBB20.82
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.68 | 19.82 | 0.86 (4.16%) | 24.05% |
| An entry @20.68. This is a Buy Stop order right above the resistance zone. | An exit @19.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 4.16%. | When investing 24.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ENERPLUS CORP
NYSE:ERF (4/25/2024, 7:04:00 PM)
After market: 20.44 0 (0%)20.44
+0.12 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.59%
1 Week3.08%
2 Weeks-1.06%
1 Month5.47%
3 Month40%
6 Month19.6%
12 Month36.63%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.38
ATR(20)%1.84%
ATR Inc
Range Today0.37
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High20.97
10 Day Low19.65
20 Day High20.97
20 Day Low19.31
52 Week High20.97
52 Week Low13.46
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.54M
Volume Incr-19.37%
Vol(5)1.98M
Vol(50)3.49M