ENCORE ENERGY CORP (EU) Stock Technical Analysis
NASDAQ:EU - Nasdaq - CA29259W7008 - Common Stock - Currency: USD
Overall EU gets a technical rating of 8 out of 10. Both in the recent history as in the last year, EU has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
EU is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 86% of 208 stocks in the same industry.
EU has an average volume of 3107430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, EU did better than 82% of all other 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 2.39 - 3.20 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, but the quality of the setup is only medium 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
2.36
3.15
We found 2 important support areas.
- A support zone ranging from 2.52 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.38 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.05 from a horizontal line in the weekly time frame.
- Resistance @3.12 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 | UP | POSITIVE | The long term trend for EU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EU is neutral. |
| ChartMill Relative Strength | 82.99 | POSITIVE | EU has a high relative strength, it outperformed 82.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EU is below 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) | 49.85 | 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) | 32.1 | NEUTRAL | The Stochastics value for EU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.52 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 31.65 | 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)
2.73
+0.05 (+1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.87%
1 Week-1.44%
2 Weeks-9.6%
1 Month2.06%
3 Month60.59%
6 Month-6.51%
12 Month-13.06%
2 Year6.23%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%6.52%
ATR Inc-7.27%
Range Today0.19
ADR(20)0.17
ADR(20)%6.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.99
Mansfield-1.1
10 Day High3.2
10 Day Low2.39
20 Day High3.2
20 Day Low2.39
52 Week High4.44
52 Week Low1.01
CS1 End2.55
CR1 Start3.05
Volume & EV
DER(3)8.01%
DER(5)5.89%
Volume2.03M
Volume Incr-8.02%
Vol(5)2.29M
Vol(50)3.11M