Overall EU gets a technical rating of 1 out of 10. EU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, EU does present a nice setup opportunity. 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 2.74. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.07
4 important support areas can be observed.
- Support @2.44 from a trend line in the daily time frame.
- A support zone ranging from 2.39 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.20 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 2.74 to 2.75. 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.
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 | NEUTRAL | NEUTRAL | The short term trend for EU is neutral. |
| ChartMill Relative Strength | 30.91 | NEUTRAL | EU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EU is below a declining 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) | 47.09 | NEUTRAL | The RSI value for EU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EU has a positive trend. |
| Stochastics (14,3) | 77.49 | NEUTRAL | The Stochastics value for EU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 19.58 | NEGATIVE | The low ADX value for EU suggests a weak or negative trend. |
NASDAQ:EU (12/2/2025, 10:22:01 AM)
2.7
+0.05 (+1.89%)
ENCORE ENERGY CORP / EU FAQ
What is the ChartMill technical rating of ENCORE ENERGY CORP (EU) stock?
ChartMill assigns a technical rating of 1 / 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 47.0887. 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 0.0276092, 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 neutral.