NEW FORTRESS ENERGY INC (NFE) Technical Analysis
NASDAQ:NFE • US6443931000
Current stock price
NFE Technical Rating and Analysis
Taking everything into account, NFE scores 0 out of 10 in our technical rating. NFE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than NFE.
- NFE is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 93% are performing better than NFE.
- NFE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NFE is lagging the market.
- In the last month NFE has a been trading in the 0.71 - 1.46 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NFE has an average volume of 14461300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NFE Weekly and Daily overview Charts
NFE Setup Rating and Analysis
The technical rating of NFE is bad and it also does not present a quality setup 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
NFE Support and Resistance Analysis
0.79
2 important resistance areas can be observed.
- A resistance zone ranging from 1.06 to 1.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.11 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 | DOWN | NEGATIVE | The short term trend for NFE is down. |
| ChartMill Relative Strength | 2.89 | NEGATIVE | NFE has a low relative strength, it was outperformed by 97.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NFE is below a declining 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) | 31.49 | NEUTRAL | The RSI value for NFE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NFE has a negative trend. |
| Stochastics (14,3) | 15.19 | OVERSOLD | The low Stochastics value suggests NFE may be oversold. |
| Average True Range in percent/ATR (20) | 16.26 | HIGH VOLATILITY | The high ATR as a percentage value for NFE suggests high volalility. |
| Average Directional Index/ADX (14) | 11.34 | 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
0.8005
+0.02 (+2.63%)
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 0 / 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.
What is the RSI signal for NEW FORTRESS ENERGY INC (NFE) stock?
NEW FORTRESS ENERGY INC (NFE) has an RSI value of 31.4934. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW FORTRESS ENERGY INC?
The MACD indicator for NEW FORTRESS ENERGY INC (NFE) has a value of -0.028992, indicating a bearish trend.
What is the buy/sell signal for 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.