ENCORE ENERGY CORP (EU) Stock Technical Analysis
USA - NASDAQ:EU - CA29259W7008 - Common Stock
2.66 USD
-0.03 (-1.12%)
2.72 USD
+0.06 (+2.26%)
We assign a technical rating of 2 out of 10 to EU. EU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, EU is a bad performer in the overall market: 84% of all stocks are doing better.
EU is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 71% are performing better than EU.
In the last month EU has a been trading in the 2.57 - 4.18 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.
EU has an average volume of 4690280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
The technical rating of EU 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
2.07
3.32
4 important support areas can be observed.
- A support zone ranging from 2.65 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.35 from a trend line in the daily time frame.
- Support @2.09 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.93 to 2.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.29 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 EU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EU is down. |
| ChartMill Relative Strength | 16.76 | NEGATIVE | EU has a low relative strength, it was outperformed by 83.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.91 | NEUTRAL | The RSI value for EU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EU has a negative trend. |
| Stochastics (14,3) | 7.4 | OVERSOLD | The low Stochastics value suggests EU may be oversold. |
| Average True Range in percent/ATR (20) | 11.16 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for EU suggests a possible start of a new 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)
2.66
-0.03 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.12%
1 Week-14.47%
2 Weeks-8.28%
1 Month-23.34%
3 Month-0.37%
6 Month56.47%
12 Month-29.82%
2 Year-31.79%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%11.16%
ATR Inc-44.61%
Range Today0.13
ADR(20)0.28
ADR(20)%10.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.76
3 months CRS32.11
6 months CRS89.52
Mansfield-0.82
10 Day High3.36
10 Day Low2.57
20 Day High4.18
20 Day Low2.57
52 Week High4.18
52 Week Low1.01
CS1 End2.65
CR1 Start2.93
Volume & EV
DER(3)-1.73%
DER(5)-0.16%
Volume4.07M
Volume Incr-43.74%
Vol(5)3.19M
Vol(50)4.69M
ENCORE ENERGY CORP / EU FAQ
What is the ChartMill technical rating of ENCORE ENERGY CORP (EU) stock?
ChartMill assigns a technical rating of 2 / 10 to EU.
What is the trend direction for EU stock?
The current trend direction for ENCORE ENERGY CORP (EU) is Bearish.
Can you provide the RSI signal for ENCORE ENERGY CORP?
ENCORE ENERGY CORP (EU) has an RSI value of 38.9135. This indicates that the stock is currently neutral.
What is the MACD signal for ENCORE ENERGY CORP (EU) stock?
The MACD indicator for ENCORE ENERGY CORP (EU) has a value of -0.0764307, indicating a bearish trend.
What is the short term momentum for ENCORE ENERGY CORP (EU) stock?
The short term momentum for ENCORE ENERGY CORP (EU) is negative.