Eneti Inc (NETI) Stock Technical Analysis
NYSE:NETI - New York Stock Exchange, Inc. - MHY2294C1075 - Common Stock - Currency: USD
Overall NETI gets a technical rating of 7 out of 10. In the last year, NETI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NETI did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NETI is part of the Construction & Engineering industry. There are 49 other stocks in this industry, NETI did better than 43% of them.
NETI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NETI is lagging the market.
In the last month NETI has a been trading in the 9.65 - 12.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although NETI has an excellent technical rating, the quality of the presented setup is not ideal 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
12.36
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.
When analyzing the resistance we notice one important 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. |
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)
11.33
+0.01 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.09%
1 Week0.27%
2 Weeks0.27%
1 Month6.59%
3 Month12.4%
6 Month-6.44%
12 Month12.74%
2 Year46.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.94%
ATR Inc-88.66%
Range Today0.06
ADR(20)0.24
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.89
Mansfield-0.24
10 Day High12.43
10 Day Low11
20 Day High12.43
20 Day Low9.65
52 Week High13.54
52 Week Low7.75
CS1 End10.26
CR1 Start12.14
Volume & EV
DER(3)-3.13%
DER(5)-1.79%
Volume206.40K
Volume Incr-61.08%
Vol(5)188.16K
Vol(50)324.87K