NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NJR - US6460251068 - Common Stock
Overall NJR gets a technical rating of 6 out of 10. NJR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- NJR is one of the lesser performing stocks in the Gas Utilities industry. 69% of 14 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month NJR has a been trading in the 44.64 - 48.27 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, NJR turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- NJR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NJR is lagging the market.
NJR has an average technical rating and it also does not offer a high 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
43.68
3 important support areas can be observed.
- A support zone ranging from 47.66 to 47.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.45 to 46.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.12 to 45.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 48.40 to 48.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.74 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NJR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NJR is up. |
| ChartMill Relative Strength | 47.01 | NEUTRAL | NJR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NJR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NJR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NJR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.28 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests NJR has a positive trend. |
| Stochastics (14,3) | 92.51 | OVERBOUGHT | The high Stochastics value suggests NJR may be overbought. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for NJR suggests a weak or negative trend. |
48.11
+0.56 (+1.18%)
NEW JERSEY RESOURCES CORP / NJR FAQ
What is the technical rating for NJR stock?
ChartMill assigns a technical rating of 6 / 10 to NJR.
What is the trend direction for NJR stock?
The current trend direction for NEW JERSEY RESOURCES CORP (NJR) is Bearish.
What is the RSI signal for NEW JERSEY RESOURCES CORP (NJR) stock?
NEW JERSEY RESOURCES CORP (NJR) has an RSI value of 67.2796. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW JERSEY RESOURCES CORP?
The MACD indicator for NEW JERSEY RESOURCES CORP (NJR) has a value of 0.192375, indicating a bearish trend.
Can you provide the short term momentum for NEW JERSEY RESOURCES CORP?
The short term momentum for NEW JERSEY RESOURCES CORP (NJR) is positive.