NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
NYSE:NJR - New York Stock Exchange, Inc. - US6460251068 - Common Stock - Currency: USD
Overall NJR gets a technical rating of 5 out of 10. NJR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
NJR is one of the lesser performing stocks in the Gas Utilities industry. 69% of 14 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When compared to the yearly performance of all other stocks, NJR outperforms 51% of them, which is more or less in line with the market.
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.
In the last month NJR has a been trading in a tight range between 45.21 and 47.45.
NJR has an average technical rating and the quality of the presented setup is also not ideal 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
43.78
49.66
We found 1 important support area.
- A support zone ranging from 44.22 to 47.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 47.82 to 48.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.17 from a horizontal line in the daily 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 | 51.72 | 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) | UP | POSITIVE | The current price of NJR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.62 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests NJR has a positive trend. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests NJR may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 14.73 | NEGATIVE | The low ADX value for NJR suggests a weak or negative 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)
47.2
+0.24 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.51%
1 Week2.14%
2 Weeks3.87%
1 Month2.08%
3 Month1.27%
6 Month3.35%
12 Month4.03%
2 Year11.93%
3 Year6.93%
5 Year56.6%
10 Year66.96%
15 Year153.7%
Volatility
ATR(14)0.68
ATR(20)%1.48%
ATR Inc-32.96%
Range Today0.29
ADR(20)0.69
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.72
Mansfield-0.76
10 Day High47.45
10 Day Low45.21
20 Day High47.45
20 Day Low45.21
52 Week High51.95
52 Week Low43.8
CS1 End47.08
CR1 Start47.82
Volume & EV
DER(3)0.03%
DER(5)0.33%
Volume486.10K
Volume Incr12.17%
Vol(5)703.22K
Vol(50)639.36K