NEW JERSEY RESOURCES CORP (NJR) Technical Analysis
NYSE:NJR • US6460251068
Current stock price
NJR Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to NJR. Although NJR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- NJR is part of the Gas Utilities industry. There are 15 other stocks in this industry. NJR outperforms 78% of them.
- NJR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NJR is leading the market.
- In the last month NJR has a been trading in the 52.17 - 55.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the yearly performance of all stocks, we notice that NJR is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
NJR Weekly and Daily overview Charts
NJR Setup Rating and Analysis
Besides having an excellent technical rating, NJR also presents 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 54.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.08, a Stop Loss order could be placed below this zone.
More info and screens
NJR Support and Resistance Analysis
43.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 51.95 to 54.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.23 to 45.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 54.27 to 55.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NJR 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 | UP | POSITIVE | The long term trend for NJR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NJR is up. |
| ChartMill Relative Strength | 75.35 | POSITIVE | NJR has a high relative strength, it outperformed 75.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NJR is below 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) | UP | POSITIVE | The current price of NJR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.38 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests NJR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.97 | NEUTRAL | The Stochastics value for NJR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NJR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.94 | POSITIVE | The high ADX value value for NJR suggests a strong trend. |
NJR Chart- and CandleStick Pattern Analysis
NJR Example Setup
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 |
|---|---|---|---|
| 55.27 | 52.16 | 3.11 (5.63%) | 17.77% |
| An entry @55.27. This is a Buy Stop order right above the resistance zone. | An exit @52.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.11 points, which is 5.63%. | When investing 17.77% 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.
NJR Technicals: Chart, Performance Metrics, Trend & Indicators
54.12
-0.09 (-0.17%)
NEW JERSEY RESOURCES CORP / NJR TA FAQ
What is the technical rating for NJR stock?
ChartMill assigns a technical rating of 8 / 10 to NJR.
What is the trend direction for NJR stock?
The current trend direction for NEW JERSEY RESOURCES CORP (NJR) is Bullish.
What is the RSI signal for NEW JERSEY RESOURCES CORP (NJR) stock?
NEW JERSEY RESOURCES CORP (NJR) has an RSI value of 54.3775. 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 -0.221727, 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.