NEW FORTRESS ENERGY INC (NFE) Stock Technical Analysis
NASDAQ:NFE - Nasdaq - US6443931000 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to NFE. 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: 99% of all stocks are doing better.
NFE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 212 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. NFE is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month NFE has a been trading in the 4.71 - 8.57 range, which is quite wide. It is currently trading near the lows of this range.
NFE has an average volume of 7785380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NFE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.79. Right above this resistance zone may be a good entry point.
More info and screens
5.38
13.28
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.79 to 5.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.81 from a trend line in the daily time frame.
- Resistance @10.34 from a trend line in the weekly time frame.
- Resistance @13.15 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.71
Mansfield-6
10 Day High6.15
10 Day Low4.72
20 Day High8.57
20 Day Low4.72
52 Week High29.11
52 Week Low4.72
Performance
1 Week4.02%
2 Weeks9.04%
1 Month-28.36%
3 Month-63.8%
6 Month-32.12%
12 Month-79.63%
2 Year-82.07%
3 Year-86%
5 Year-58%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.18
RSI(14)40.13
LBB4.82
UBB6.18
5.43
-0.35 (-6.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-6.06%
1 Week4.02%
2 Weeks9.04%
1 Month-28.36%
3 Month-63.8%
6 Month-32.12%
12 Month-79.63%
2 Year-82.07%
3 Year-86%
5 Year-58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%17.13%
ATR Inc-40.92%
Range Today0.45
ADR(20)0.82
ADR(20)%15.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.71
Mansfield-6
10 Day High6.15
10 Day Low4.72
20 Day High8.57
20 Day Low4.72
52 Week High29.11
52 Week Low4.72
CS1 EndN/A
CR1 Start5.79
Volume & EV
DER(3)0.4%
DER(5)-1.39%
Volume5.47M
Volume Incr-47.66%
Vol(5)5.40M
Vol(50)7.79M