GENIE ENERGY LTD-B (GNE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GNE - US3722842081 - Common Stock
Taking everything into account, GNE scores 0 out of 10 in our technical rating. GNE'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, GNE 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 14.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.40, a Stop Loss order could be placed below this zone.
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13.95
When analyzing the support we notice one important area.
- A support zone ranging from 14.09 to 14.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 14.93 to 15.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.37 to 15.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.12 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for GNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GNE is down. |
| ChartMill Relative Strength | 31.27 | NEUTRAL | GNE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GNE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.6 | NEUTRAL | The RSI value for GNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GNE has a positive trend. |
| Stochastics (14,3) | 19.63 | OVERSOLD | The low Stochastics value suggests GNE may be oversold. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for GNE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.32 | NEUTRAL | The ADX value for GNE suggests a possible start of a new trend. |
14.48
+0.15 (+1.05%)
GENIE ENERGY LTD-B / GNE FAQ
What is the technical rating for GNE stock?
ChartMill assigns a technical rating of 0 / 10 to GNE.
Can you provide the trend direction for GENIE ENERGY LTD-B?
The current trend direction for GENIE ENERGY LTD-B (GNE) is Bearish.
What is the RSI signal for GNE stock?
GENIE ENERGY LTD-B (GNE) has an RSI value of 43.5958. This indicates that the stock is currently neutral.
What is the short term momentum for GENIE ENERGY LTD-B (GNE) stock?
The short term momentum for GENIE ENERGY LTD-B (GNE) is negative.
Can you provide the support and resistance levels for GENIE ENERGY LTD-B?
GENIE ENERGY LTD-B (GNE) has a support level at 14.4 and a resistance level at 14.93. Check the full technical report for our detailed analysis of GNE support and resistance levels.