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 5 out of 10. In the last year, NJR was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
NJR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 47.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.36, a Stop Loss order could be placed below this zone.
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43.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 46.16 to 46.36. 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.
3 important resistance areas can be observed.
- Strong resistance @47.66 from a horizontal line in the daily time frame.
- Resistance @48.45 from a trend line in the weekly time frame.
- A resistance zone ranging from 49.74 to 49.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for NJR is neutral. |
| ChartMill Relative Strength | 43.99 | 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 | NEGATIVE | The current price of NJR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.38 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NJR has a positive trend. |
| Stochastics (14,3) | 54.2 | NEUTRAL | The Stochastics value for NJR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 12.55 | NEGATIVE | The low ADX value for NJR suggests a weak or negative trend. |
46.47
-0.1 (-0.21%)
NEW JERSEY RESOURCES CORP / NJR FAQ
What is the technical rating for NJR stock?
ChartMill assigns a technical rating of 5 / 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 52.3758. 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 0.0180627, 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 neutral.