NEW JERSEY RESOURCES CORP (NJR)
US6460251068 - Common Stock
Overall NJR gets a technical rating of 6 out of 10. NJR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
72% of all other stocks performed better in the past year than NJR.
NJR is one of the lesser performing stocks in the Gas Utilities industry. 61% of 14 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
NJR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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.
Although the technical rating is only medium, NJR does present a nice setup opportunity. 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 45.03. Right above this resistance zone may be a good entry point.
More info and screens
40.17
45.78
When analyzing the support we notice one important area.
- A support zone ranging from 40.58 to 42.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.03 to 45.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.17
Mansfield-1.05
10 Day High45.12
10 Day Low43.02
20 Day High45.12
20 Day Low42.19
52 Week High50.72
52 Week Low38.92
Performance
1 Week0.34%
2 Weeks-0.16%
1 Month5.43%
3 Month5.7%
6 Month3.42%
12 Month-9.83%
2 Year-3.14%
3 Year4.12%
5 Year-6.26%
10 Year61.72%
15 Year167.39%
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)-0.04
RSI(14)61.57
LBB43.5
UBB45.02
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.34 | 43.01 | 2.33 (5.14%) | 19.47% |
| An entry @45.34. This is a Buy Stop order right above the resistance zone. | An exit @43.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.33 points, which is 5.14%. | When investing 19.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NEW JERSEY RESOURCES CORP
NYSE:NJR (5/16/2024, 7:07:11 PM)
After market: 44.48 0 (0%)44.48
+0.36 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.82%
1 Week0.34%
2 Weeks-0.16%
1 Month5.43%
3 Month5.7%
6 Month3.42%
12 Month-9.83%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.76
ATR(20)%1.75%
ATR Inc
Range Today0.49
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High45.12
10 Day Low43.02
20 Day High45.12
20 Day Low42.19
52 Week High50.72
52 Week Low38.92
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume394.80K
Volume Incr-11.98%
Vol(5)418.02K
Vol(50)459.09K