EURONAV NV (EURN) Stock Technical Analysis
NYSE:EURN - New York Stock Exchange, Inc. - BE0003816338 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to EURN. EURN 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.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, EURN outperforms 48% of them, which is more or less in line with the market.
EURN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 69% of 213 stocks in the same industry.
EURN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EURN is lagging the market slightly.
In the last month EURN has a been trading in the 15.04 - 17.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EURN has a poor technical rating and the quality of the setup is also not perfect 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
14.54
20.57
When analyzing the support we notice one important area.
- A support zone ranging from 14.69 to 15.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 16.76 to 16.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.44 to 17.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.91 from a horizontal line in the daily time frame.
- Resistance @20.37 from a horizontal 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 EURN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EURN is down. |
| ChartMill Relative Strength | 48.14 | NEUTRAL | EURN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EURN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EURN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EURN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.14 | NEUTRAL | The RSI value for EURN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EURN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.89 | NEUTRAL | The Stochastics value for EURN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for EURN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.37 | NEGATIVE | The low ADX value for EURN suggests a weak or negative 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)
16.31
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-6.48%
2 Weeks-1.98%
1 Month2.71%
3 Month0.18%
6 Month-7.12%
12 Month7.3%
2 Year20.37%
3 Year88.55%
5 Year93.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.76%
ATR Inc-20.5%
Range Today0.29
ADR(20)0.41
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.14
Mansfield-1.9
10 Day High17.45
10 Day Low15.89
20 Day High17.45
20 Day Low15.05
52 Week High21.26
52 Week Low14.1
CS1 End15.01
CR1 Start16.76
Volume & EV
DER(3)0.76%
DER(5)-0.75%
Volume157.40K
Volume Incr51.88%
Vol(5)246.52K
Vol(50)290.42K