ENCORE ENERGY CORP (EU) Technical Analysis
NASDAQ:EU • CA29259W7008
Current stock price
EU Technical Rating and Analysis
Overall EU gets a technical rating of 1 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- EU is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 71% of 209 stocks in the same industry do better.
- EU is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EU is lagging the market.
- EU has an average volume of 3265460 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 70% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- In the last month EU has a been trading in the 1.66 - 2.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EU Weekly and Daily overview Charts
EU Setup Rating and Analysis
Although the technical rating is bad, EU does present a nice setup opportunity. Prices have been consolidating lately. 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
EU Support and Resistance Analysis
1.66
2 important support areas can be observed.
- Support @1.72 from a horizontal line in the weekly time frame.
- Support @1.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.91 to 1.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.11 from a trend line in the weekly time frame.
- Resistance @3.37 from a trend line in the daily time frame.
EU Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for EU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EU is down. |
| ChartMill Relative Strength | 70.66 | POSITIVE | EU has a high relative strength, it outperformed 70.66% off all stocks 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 | NEGATIVE | The current price of EU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.55 | 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) | 46.82 | NEUTRAL | The Stochastics value for EU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.18 | HIGH VOLATILITY | The high ATR as a percentage value for EU suggests high volalility. |
| Average Directional Index/ADX (14) | 37.08 | POSITIVE | The high ADX value value for EU suggests a strong trend. |
EU Chart- and CandleStick Pattern Analysis
EU Technicals: Chart, Performance Metrics, Trend & Indicators
1.9
-0.01 (-0.52%)
ENCORE ENERGY CORP / EU TA 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 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 EU stock?
ENCORE ENERGY CORP (EU) has an RSI value of 43.5493. 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 0.0337343, indicating a bearish trend.
What is the support and resistance level for EU stock?
ENCORE ENERGY CORP (EU) has a support level at 1.72 and a resistance level at 1.91. Check the full technical report for our detailed analysis of EU support and resistance levels.