ENCORE ENERGY CORP (EU) Stock Technical Analysis
NASDAQ:EU - Nasdaq - CA29259W7008 - Common Stock - Currency: USD
Overall EU gets a technical rating of 9 out of 10. 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.
The long and short term trends are both positive. This is looking good!
EU is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. EU outperforms 90% of them.
EU has an average volume of 2987470 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 EU is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong 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.
In the last month EU has a been trading in the 2.25 - 2.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.67, a Stop Loss order could be placed below this zone.
More info and screens
2.14
2.97
3 important support areas can be observed.
- A support zone ranging from 2.64 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.58 from a horizontal line in the daily time frame.
- A support zone ranging from 2.16 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- Resistance @2.87 from a trend line in the daily time frame.
- A resistance zone ranging from 2.94 to 2.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EU is up. |
| ChartMill Relative Strength | 88.67 | POSITIVE | EU has a high relative strength, it outperformed 88.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EU is above 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) | 63.13 | NEUTRAL | The RSI value for EU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.64 | NEUTRAL | The Stochastics value for EU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.22 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 45.21 | POSITIVE | The high ADX value value for EU 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)
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 |
|---|---|---|---|
| 2.88 | 2.63 | 0.25 (8.68%) | 11.52% |
| An entry @2.88. This is a Buy Stop order right above the resistance zone. | An exit @2.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.25 points, which is 8.68%. | For a 1.00% total portfolio risk, you can invest 11.52% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EU. Please evaluate whether better entry and exit points can be found.
- 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.
2.83
+0.04 (+1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.43%
1 Week5.79%
2 Weeks-1.05%
1 Month29.22%
3 Month102.14%
6 Month-14.76%
12 Month-29.07%
2 Year11.86%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%7.22%
ATR Inc-11.51%
Range Today0.2
ADR(20)0.19
ADR(20)%6.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.67
Mansfield-0.91
10 Day High2.96
10 Day Low2.52
20 Day High2.96
20 Day Low2.25
52 Week High4.44
52 Week Low1.01
CS1 End2.67
CR1 Start2.87
Volume & EV
DER(3)1.38%
DER(5)0.07%
Volume2.56M
Volume Incr-39.83%
Vol(5)2.23M
Vol(50)2.99M