NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
USA - NYSE:NJR - US6460251068 - Common Stock
47.28 USD
-0.09 (-0.19%)
47.28 USD
0 (0%)
We assign a technical rating of 4 out of 10 to NJR. In the past year, NJR was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
NJR is part of the Gas Utilities industry. There are 14 other stocks in this industry, of which 69% are performing better than NJR.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, NJR turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
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 46.04 and 47.74.
NJR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 47.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.78
49.66
2 important support areas can be observed.
- A support zone ranging from 46.70 to 47.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.22 to 45.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 47.62 to 48.09. 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 | 49.99 | NEUTRAL | NJR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NJR is above a declining 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 | MIXED | The current price of NJR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.18 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NJR has a positive trend. |
| Stochastics (14,3) | 79.87 | NEUTRAL | The Stochastics value for NJR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 12.31 | 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)
47.28
-0.09 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.19%
1 Week0.92%
2 Weeks-0.25%
1 Month-0.3%
3 Month5.82%
6 Month-4.23%
12 Month0.77%
2 Year16.37%
3 Year22.17%
5 Year74.98%
10 Year57.44%
15 Year141.1%
Volatility
ATR(14)0.73
ATR(20)%1.46%
ATR Inc-23.63%
Range Today0.55
ADR(20)0.67
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.99
Mansfield-0.91
10 Day High47.74
10 Day Low46.04
20 Day High47.74
20 Day Low46.04
52 Week High51.95
52 Week Low43.8
CS1 End47.19
CR1 Start47.62
Volume & EV
DER(3)0.45%
DER(5)1.07%
Volume619.70K
Volume Incr36.17%
Vol(5)775.74K
Vol(50)613.45K