NEW FORTRESS ENERGY INC (NFE) Technical Analysis
NASDAQ:NFE • US6443931000
Current stock price
NFE Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NFE. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 209 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. 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 0.56 - 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.
- NFE has an average volume of 14796700 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
NFE has a poor technical rating and the quality of the setup is also not perfect 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
0.56
When analyzing the resistance we notice 2 important areas.
- Resistance @0.90 from a trend line in the daily time frame.
- Resistance @0.95 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 | 2.15 | NEGATIVE | NFE has a low relative strength, it was outperformed by 97.85% 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) | 24.15 | OVERSOLD | The low RSI value suggests NFE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NFE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.92 | OVERSOLD | The low Stochastics value suggests NFE may be oversold. |
| Average True Range in percent/ATR (20) | 21.85 | HIGH VOLATILITY | The high ATR as a percentage value for NFE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.53 | 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
0.57
-0.01 (-2.36%)
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.
Can you provide the RSI signal for NEW FORTRESS ENERGY INC?
NEW FORTRESS ENERGY INC (NFE) has an RSI value of 24.1539. This indicates that the stock is currently oversold.
What is the short term momentum for NFE stock?
The short term momentum for NEW FORTRESS ENERGY INC (NFE) is negative.
What are the support and resistance levels for NEW FORTRESS ENERGY INC (NFE) stock?
NEW FORTRESS ENERGY INC (NFE) has a resistance level at 0.9. Check the full technical report for our detailed analysis of NFE support and resistance levels.