NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
NYSE:NJR - New York Stock Exchange, Inc. - US6460251068 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to NJR. NJR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, NJR is a bad performer in the overall market: 64% of all stocks are doing better.
NJR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NJR is lagging the market.
In the last month NJR has a been trading in the 43.80 - 47.22 range, which is quite wide. It is currently trading near the lows of this range.
NJR is part of the Gas Utilities industry. There are 86 other stocks in this industry. NJR outperforms 87% of them.
Although the technical rating is bad, NJR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 44.26, a Stop Loss order could be placed below this zone.
More info and screens
43.82
50.48
When analyzing the support we notice one important area.
- A support zone ranging from 44.26 to 44.26. 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 44.69 to 45.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.02 to 49.98. 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 | DOWN | NEGATIVE | The long term trend for NJR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NJR is down. |
| ChartMill Relative Strength | 36.45 | NEUTRAL | NJR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NJR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NJR is below a declining 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) | 32.91 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NJR has a negative trend. |
| Stochastics (14,3) | 17.12 | OVERSOLD | The low Stochastics value suggests NJR may be oversold. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 28.74 | POSITIVE | The high ADX value value for NJR suggests a strong trend. |
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)
44.27
-0.12 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.27%
1 Week-1.43%
2 Weeks-3.87%
1 Month-5.97%
3 Month-8.68%
6 Month-4.82%
12 Month5.23%
2 Year-6.21%
3 Year-0.58%
5 Year35.59%
10 Year60.69%
15 Year151.53%
Volatility
ATR(14)0.63
ATR(20)%1.52%
ATR Inc11.38%
Range Today0.66
ADR(20)0.64
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.45
Mansfield-0.94
10 Day High45.85
10 Day Low43.8
20 Day High47.22
20 Day Low43.8
52 Week High51.95
52 Week Low41.68
CS1 End44.26
CR1 Start44.69
Volume & EV
DER(3)-0.48%
DER(5)0.25%
Volume593.87K
Volume Incr14.42%
Vol(5)653.11K
Vol(50)624.77K