NEW FORTRESS ENERGY INC (NFE) Stock Technical Analysis
NASDAQ:NFE • US6443931000
Taking everything into account, NFE scores 0 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NFE is a bad performer in the overall market: 95% of all stocks are doing better.
- NFE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 92% of 206 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 1.08 - 1.47 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.
- NFE has an average volume of 9559140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
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
1.08
We can see 3 important resistance areas.
- Resistance @1.12 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.41 from a trend 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 | 5.41 | NEGATIVE | NFE has a low relative strength, it was outperformed by 94.59% 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) | 38.21 | NEUTRAL | The RSI value for NFE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NFE has a negative trend. |
| Stochastics (14,3) | 6.1 | OVERSOLD | The low Stochastics value suggests NFE may be oversold. |
| Average True Range in percent/ATR (20) | 8.53 | HIGH VOLATILITY | The high ATR as a percentage value for NFE suggests high volalility. |
| Average Directional Index/ADX (14) | 12.77 | NEGATIVE | The low ADX value for NFE suggests a weak or negative trend. |
1.09
-0.05 (-4.39%)
NEW FORTRESS ENERGY INC / NFE 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 38.2108. 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 -0.018291, 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.