Eneti Inc (NETI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NETI - MHY2294C1075 - Common Stock
We assign a technical rating of 7 out of 10 to NETI. NETI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
NETI has an excellent technical rating, but the quality of the setup is only medium 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
9.40
We found 4 important support areas.
- Support @10.26 from a trend line in the weekly time frame.
- A support zone ranging from 9.90 to 10.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.65 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.14 to 12.24. 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 | UP | POSITIVE | The long term trend for NETI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NETI is up. |
| ChartMill Relative Strength | 72.89 | POSITIVE | NETI has a high relative strength, it outperformed 72.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NETI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NETI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NETI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.67 | NEUTRAL | The RSI value for NETI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NETI has a negative trend. |
| Stochastics (14,3) | 53.11 | NEUTRAL | The Stochastics value for NETI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for NETI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.45 | NEUTRAL | The ADX value for NETI suggests a possible start of a new trend. |
11.33
+0.01 (+0.09%)
Eneti Inc / NETI FAQ
Can you provide the ChartMill technical rating for Eneti Inc?
ChartMill assigns a technical rating of 7 / 10 to NETI.
Can you provide the trend direction for Eneti Inc?
The current trend direction for Eneti Inc (NETI) is Bullish.
What is the RSI signal for NETI stock?
Eneti Inc (NETI) has an RSI value of 57.6654. This indicates that the stock is currently neutral.
What is the short term momentum for NETI stock?
The short term momentum for Eneti Inc (NETI) is positive.
What are the support and resistance levels for Eneti Inc (NETI) stock?
Eneti Inc (NETI) has a support level at 10.26 and a resistance level at 12.14. Check the full technical report for our detailed analysis of NETI support and resistance levels.