Taking everything into account, NFE scores 1 out of 10 in our technical rating. NFE'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, NFE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.11
We found 3 important support areas.
- A support zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.16 from a trend line in the daily time frame.
- Support @1.12 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.32 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 NFE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NFE is down. |
| ChartMill Relative Strength | 1.47 | NEGATIVE | NFE has a low relative strength, it was outperformed by 98.53% 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 | NEGATIVE | The current price of NFE is below 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) | 45.33 | NEUTRAL | The RSI value for NFE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NFE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.93 | NEUTRAL | The Stochastics value for NFE is a neutral value. |
| Average True Range in percent/ATR (20) | 16.61 | HIGH VOLATILITY | The high ATR as a percentage value for NFE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.83 | NEGATIVE | The low ADX value for NFE suggests a weak or negative trend. |
1.24
-0.07 (-5.34%)
NEW FORTRESS ENERGY INC / NFE FAQ
Can you provide the ChartMill technical rating for NEW FORTRESS ENERGY INC?
ChartMill assigns a technical rating of 1 / 10 to NFE.
What is the trend direction for NFE stock?
The current trend direction for NEW FORTRESS ENERGY INC (NFE) is Bearish.
What is the RSI signal for NEW FORTRESS ENERGY INC (NFE) stock?
NEW FORTRESS ENERGY INC (NFE) has an RSI value of 45.3318. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEW FORTRESS ENERGY INC?
The short term momentum for NEW FORTRESS ENERGY INC (NFE) is negative.
What is the buy/sell signal for NEW FORTRESS ENERGY INC (NFE) stock?
The buy/sell signal for NEW FORTRESS ENERGY INC (NFE) is sell as both the short term and long term trends are negative.