ENCORE ENERGY CORP (EU.CA) Stock Technical Analysis
TSX-V:EU - TSX Venture Exchange - CA29259W7008 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to EU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EU is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
EU is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 207 stocks in the same industry.
In the last month EU has a been trading in the 3.40 - 4.34 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that EU is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
EU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EU is lagging the market.
Although EU has an excellent technical rating, the quality of the presented setup is not ideal 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
2.81
5.21
2 important support areas can be observed.
- A support zone ranging from 3.99 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.84 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @5.16 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 | UP | POSITIVE | The long term trend for EU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EU.CA is up. |
| ChartMill Relative Strength | 83.21 | POSITIVE | EU.CA has a high relative strength, it outperformed 83.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EU.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.48 | OVERBOUGHT | The high RSI value suggests EU.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EU.CA has a positive trend. |
| Stochastics (14,3) | 85.03 | OVERBOUGHT | The high Stochastics value suggests EU.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for EU.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 48.74 | POSITIVE | The high ADX value value for EU.CA 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)
TSX-V:EU (7/24/2025, 7:00:00 PM)
4.22
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week5.24%
2 Weeks18.87%
1 Month23.39%
3 Month95.37%
6 Month-16.1%
12 Month-19.92%
2 Year29.05%
3 Year3.43%
5 Year307.73%
10 Year5526.67%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%5.48%
ATR Inc9.38%
Range Today0.18
ADR(20)0.23
ADR(20)%5.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.21
Mansfield-0.37
10 Day High4.34
10 Day Low3.46
20 Day High4.34
20 Day Low3.4
52 Week High6.12
52 Week Low1.47
CS1 End4
CR1 Start5.16
Volume & EV
DER(3)-7.6%
DER(5)-2.68%
Volume146.26K
Volume Incr-30.42%
Vol(5)239.70K
Vol(50)284.53K