NEW FORTRESS ENERGY INC (NFE) Technical Analysis
NASDAQ:NFE • US6443931000
Current stock price
NFE Technical Rating and Analysis
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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, NFE is a bad performer in the overall market: 98% of all stocks are doing better.
- NFE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 93% of 210 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- NFE has an average volume of 13532000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NFE has a been trading in the 0.57 - 0.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NFE Weekly and Daily overview Charts
NFE Setup Rating and Analysis
Although the technical rating is bad, NFE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NFE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
NFE Support and Resistance Analysis
0.64
When analyzing the support we notice one important area.
- A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- Resistance @0.80 from a trend line in the daily time frame.
- Resistance @1.10 from a trend line in the daily time frame.
NFE Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for NFE is neutral. |
| ChartMill Relative Strength | 2.12 | NEGATIVE | NFE has a low relative strength, it was outperformed by 97.88% 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) | 52.65 | NEUTRAL | The RSI value for NFE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NFE has a positive trend. |
| Stochastics (14,3) | 74.56 | NEUTRAL | The Stochastics value for NFE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for NFE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.39 | NEGATIVE | The low ADX value for NFE suggests a weak or negative trend. |
NFE Chart- and CandleStick Pattern Analysis
NFE Technicals: Chart, Performance Metrics, Trend & Indicators
0.7328
+0.04 (+5.93%)
NEW FORTRESS ENERGY INC / NFE TA FAQ
Can you provide the ChartMill technical rating for NEW FORTRESS ENERGY INC?
ChartMill assigns a technical rating of 1 / 10 to NFE.
Can you provide the trend direction for NEW FORTRESS ENERGY INC?
The current trend direction for NEW FORTRESS ENERGY INC (NFE) is Bearish.
Can you provide the RSI signal for NEW FORTRESS ENERGY INC?
NEW FORTRESS ENERGY INC (NFE) has an RSI value of 52.6468. This indicates that the stock is currently neutral.
What is the short term momentum for NFE stock?
The short term momentum for NEW FORTRESS ENERGY INC (NFE) is neutral.
What are the support and resistance levels for NEW FORTRESS ENERGY INC (NFE) stock?
NEW FORTRESS ENERGY INC (NFE) has a support level at 0.66 and a resistance level at 0.8. Check the full technical report for our detailed analysis of NFE support and resistance levels.