ENCORE ENERGY CORP (EU) Stock Technical Analysis
NASDAQ:EU - Nasdaq - CA29259W7008 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to EU. In the past year, EU was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, EU is a bad performer in the overall market: 69% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
EU has an average volume of 2329330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EU is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 49% of 213 stocks in the same industry.
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 1.54 - 2.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EU has only a medium 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 very little resistance above the current price. 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.
More info and screens
1.83
3.67
We found 2 important support areas.
- A support zone ranging from 2.08 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.85 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @2.15 from a horizontal line in the weekly time frame.
- Resistance @2.22 from a trend line in the daily time frame.
- Resistance @2.27 from a horizontal line in the daily time frame.
- Resistance @2.51 from a trend line in the daily time frame.
- Resistance @3.63 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 | UP | POSITIVE | The short term trend for EU is up. |
| ChartMill Relative Strength | 31.65 | NEUTRAL | EU is not amongst the best or worst performers 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 | NEGATIVE | The current price of EU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.38 | NEUTRAL | The RSI value for EU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EU has a negative trend. |
| Stochastics (14,3) | 60.14 | NEUTRAL | The Stochastics value for EU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 36.17 | 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)
2.09
-0.02 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.95%
1 Week-2.34%
2 Weeks2.45%
1 Month19.43%
3 Month44.14%
6 Month-35.09%
12 Month-49.64%
2 Year-13.28%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.45%
ATR Inc-48.26%
Range Today0.09
ADR(20)0.14
ADR(20)%6.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.65
Mansfield-3.46
10 Day High2.42
10 Day Low1.92
20 Day High2.42
20 Day Low1.54
52 Week High4.5
52 Week Low1.01
CS1 End2.08
CR1 Start2.15
Volume & EV
DER(3)4.73%
DER(5)2.95%
Volume1.70M
Volume Incr6.11%
Vol(5)2.81M
Vol(50)2.33M