ENCORE ENERGY CORP (EU) Stock Technical Analysis
NASDAQ:EU • CA29259W7008
We assign a technical rating of 2 out of 10 to EU. EU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- EU is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 69% of 206 stocks in the same industry do better.
- In the last month EU has a been trading in the 2.42 - 3.50 range, which is quite wide. It is currently trading near the lows of this range.
- EU has an average volume of 3153040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, EU turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- 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.
- Considerably lower volume is observed in the last couple of days.
EU has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.71. Right above this resistance zone may be a good entry point.
More info and screens
2.21
We found 4 important support areas.
- Support @2.52 from a trend line in the daily time frame.
- Support @2.48 from a horizontal line in the daily time frame.
- A support zone ranging from 2.39 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.23 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.71 to 2.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.20 from a trend line in the weekly time frame.
- Resistance @3.51 from a trend line in the daily 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 | 48.54 | NEUTRAL | EU is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of EU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.47 | NEUTRAL | The RSI value for EU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EU has a positive trend. |
| Stochastics (14,3) | 67.01 | NEUTRAL | The Stochastics value for EU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.61 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 17.5 | NEGATIVE | The low ADX value for EU suggests a weak or negative trend. |
2.7
-0.06 (-2.17%)
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 current trend direction of ENCORE ENERGY CORP (EU) stock?
The current trend direction for ENCORE ENERGY CORP (EU) is Bearish.
What is the RSI signal for ENCORE ENERGY CORP (EU) stock?
ENCORE ENERGY CORP (EU) has an RSI value of 46.4658. This indicates that the stock is currently neutral.
What is the MACD signal for EU stock?
The MACD indicator for ENCORE ENERGY CORP (EU) has a value of 0.0041832, indicating a bearish trend.
What is the short term momentum for EU stock?
The short term momentum for ENCORE ENERGY CORP (EU) is negative.