NEW FORTRESS ENERGY INC (NFE) Stock Technical Analysis
NASDAQ:NFE - Nasdaq - US6443931000 - Common Stock - Currency: USD
Taking everything into account, NFE scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NFE was also a bad performer in the overall market in the last year.
98% of all other stocks performed better in the past year than NFE.
NFE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 211 stocks in the same industry do better.
NFE 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.
In the last month NFE has a been trading in the 2.01 - 4.16 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NFE has an average volume of 12901500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of NFE is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.06
7.78
3 important resistance areas can be observed.
- Resistance @5.75 from a trend line in the daily time frame.
- Resistance @6.76 from a trend line in the weekly time frame.
- Resistance @7.70 from a trend 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 | DOWN | NEGATIVE | The long term trend for NFE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFE is up. |
| ChartMill Relative Strength | 2.46 | NEGATIVE | NFE has a low relative strength, it was outperformed by 97.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NFE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NFE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.35 | NEUTRAL | The RSI value for NFE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests NFE has a positive trend. |
| Stochastics (14,3) | 95.04 | OVERBOUGHT | The high Stochastics value suggests NFE may be overbought. |
| Average True Range in percent/ATR (20) | 8.87 | HIGH VOLATILITY | The high ATR as a percentage value for NFE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for NFE 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)
4.1
+0.22 (+5.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5.67%
1 Week72.27%
2 Weeks90.7%
1 Month32.26%
3 Month-24.91%
6 Month-74.21%
12 Month-79.44%
2 Year-85.64%
3 Year-91.63%
5 Year-81.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%8.87%
ATR Inc5.98%
Range Today0.4
ADR(20)0.33
ADR(20)%8.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.46
Mansfield-6.32
10 Day High4.16
10 Day Low2.02
20 Day High4.16
20 Day Low2.01
52 Week High26.22
52 Week Low2.01
CS1 EndN/A
CR1 Start5.75
Volume & EV
DER(3)4.52%
DER(5)-5.74%
Volume9.56M
Volume Incr108.42%
Vol(5)21.78M
Vol(50)12.90M