EURONAV NV (EURN) Stock Technical Analysis
USA - NYSE:EURN - BE0003816338 - Common Stock
Taking everything into account, EURN scores 2 out of 10 in our technical rating. 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.
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.
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14.54
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.
4 important resistance areas can be observed.
- 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. |
16.31
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EURONAV NV / EURN FAQ
Can you provide the ChartMill technical rating for EURONAV NV?
ChartMill assigns a technical rating of 2 / 10 to EURN.
What is the current trend direction of EURONAV NV (EURN) stock?
The current trend direction for EURONAV NV (EURN) is Bearish.
Can you provide the RSI signal for EURONAV NV?
EURONAV NV (EURN) has an RSI value of 45.1353. This indicates that the stock is currently neutral.
What is the MACD signal for EURONAV NV (EURN) stock?
The MACD indicator for EURONAV NV (EURN) has a value of 0.0263741, indicating a bearish trend.
What are the support and resistance levels for EURONAV NV (EURN) stock?
EURONAV NV (EURN) has a support level at 15.01 and a resistance level at 16.76. Check the full technical report for our detailed analysis of EURN support and resistance levels.