GENIE ENERGY LTD-B (GNE) Stock Technical Analysis
NYSE:GNE • US3722842081
Taking everything into account, GNE scores 4 out of 10 in our technical rating. GNE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- GNE is part of the Electric Utilities industry. There are 46 other stocks in this industry, of which 73% are performing better than GNE.
- GNE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the performance of all stocks over the past year, GNE turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
- In the last month GNE has a been trading in the 13.54 - 14.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, 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 14.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.48, a Stop Loss order could be placed below this zone.
More info and screens
13.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.16 to 14.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.67 to 13.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 14.61 to 14.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for GNE is up. |
| ChartMill Relative Strength | 41.78 | NEUTRAL | GNE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.82 | NEUTRAL | The RSI value for GNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GNE has a positive trend. |
| Stochastics (14,3) | 67.84 | NEUTRAL | The Stochastics value for GNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GNE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.35 | NEGATIVE | The low ADX value for GNE suggests a weak or negative trend. |
14.53
-0.07 (-0.48%)
GENIE ENERGY LTD-B / GNE FAQ
What is the technical rating for GNE stock?
ChartMill assigns a technical rating of 4 / 10 to GNE.
What is the current trend direction of GENIE ENERGY LTD-B (GNE) stock?
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 55.8216. This indicates that the stock is currently neutral.
What is the MACD signal for GENIE ENERGY LTD-B (GNE) stock?
The MACD indicator for GENIE ENERGY LTD-B (GNE) has a value of 0.039974, indicating a bearish trend.
Can you provide the buy/sell signal for GENIE ENERGY LTD-B?
The buy/sell signal for GENIE ENERGY LTD-B (GNE) is hold as the short term and long term trends are mixed.