ENCORE ENERGY CORP (EU.CA) Stock Technical Analysis
TSX-V:EU - TSX Venture Exchange - CA29259W7008 - Common Stock - Currency: CAD
Taking everything into account, EU scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EU was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than EU.
EU is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 60% are performing better than EU.
In the last month EU has a been trading in the 2.10 - 3.06 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EU is lagging the market slightly.
EU has an average technical rating and it also does not offer a high 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
2.26
5.36
When analyzing the support we can see 2 important areas.
- Support @2.75 from a horizontal line in the daily time frame.
- Support @2.28 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.00 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.19 from a trend line in the daily time frame.
- Resistance @5.31 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 | DOWN | NEGATIVE | The long term trend for EU.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EU.CA is up. |
| ChartMill Relative Strength | 20.78 | NEGATIVE | EU.CA has a low relative strength, it was outperformed by 79.22% 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 | NEGATIVE | The current price of EU.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.19 | NEUTRAL | The RSI value for EU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EU.CA has a positive trend. |
| Stochastics (14,3) | 75.91 | NEUTRAL | The Stochastics value for EU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for EU.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 34.69 | 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 (6/3/2025, 7:00:00 PM)
2.995
+0.24 (+8.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg8.51%
1 Week1.87%
2 Weeks34.91%
1 Month42.62%
3 Month26.91%
6 Month-40.93%
12 Month-47.08%
2 Year-6.41%
3 Year-7.56%
5 Year299.33%
10 Year4891.67%
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%5.93%
ATR Inc33.06%
Range Today0.31
ADR(20)0.15
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.78
Mansfield-3.28
10 Day High3.06
10 Day Low2.14
20 Day High3.06
20 Day Low2.1
52 Week High6.12
52 Week Low1.47
CS1 End2.75
CR1 Start3
Volume & EV
DER(3)-6.37%
DER(5)-5.59%
Volume264.43K
Volume Incr29.1%
Vol(5)263.17K
Vol(50)336.92K