ENCORE ENERGY CORP (EU) Stock Technical Analysis
NASDAQ:EU - CA29259W7008 - Common Stock
2.35 USD
+0.07 (+3.07%)
2.42 USD
+0.07 (+2.98%)
Taking everything into account, EU scores 2 out of 10 in our technical rating. In the last year, EU was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, EU is a bad performer in the overall market: 83% of all stocks are doing better.
EU is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 75% are performing better than EU.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
EU has an average volume of 3509400 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!
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 2.06 - 2.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
3.08
4 important support areas can be observed.
- Support @2.34 from a horizontal line in the weekly time frame.
- Support @2.18 from a trend line in the daily time frame.
- Support @2.13 from a horizontal line in the daily time frame.
- Support @2.09 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @2.75 from a trend line in the daily time frame.
- Resistance @2.87 from a trend line in the weekly time frame.
- Resistance @3.05 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 | 17.03 | NEGATIVE | EU has a low relative strength, it was outperformed by 82.97% 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 | NEGATIVE | The current price of EU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.25 | NEUTRAL | The RSI value for EU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.54 | NEUTRAL | The Stochastics value for EU is a neutral value. |
| Average True Range in percent/ATR (20) | 8.16 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 21.3 | 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)
2.35
+0.07 (+3.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.07%
1 Week-8.91%
2 Weeks-16.37%
1 Month-15.16%
3 Month16.92%
6 Month-6.75%
12 Month-35.44%
2 Year-8.56%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%8.16%
ATR Inc-35%
Range Today0.16
ADR(20)0.17
ADR(20)%7.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.03
Mansfield-2.32
10 Day High2.9
10 Day Low2.06
20 Day High2.9
20 Day Low2.06
52 Week High4.44
52 Week Low1.01
CS1 End2.34
CR1 Start2.75
Volume & EV
DER(3)1.97%
DER(5)4.69%
Volume6.96M
Volume Incr364.9%
Vol(5)10.02M
Vol(50)3.51M