NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
NYSE:NJR - New York Stock Exchange, Inc. - US6460251068 - Common Stock - Currency: USD
Taking everything into account, NJR scores 1 out of 10 in our technical rating. NJR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
75% of all other stocks performed better in the past year than NJR.
NJR is part of the Gas Utilities industry. There are 14 other stocks in this industry, of which 84% are performing better than NJR.
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 43.80 and 46.22.
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 45.31, a Stop Loss order could be placed below this zone.
More info and screens
43.78
49.66
When analyzing the support we notice one important area.
- A support zone ranging from 44.22 to 45.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 48.28 to 49.17. 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 | NEUTRAL | NEUTRAL | The short term trend for NJR is neutral. |
| ChartMill Relative Strength | 25.05 | NEGATIVE | NJR has a low relative strength, it was outperformed by 74.95% off all stocks 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) | 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) | 54.41 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests NJR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.09 | OVERBOUGHT | The high Stochastics value suggests NJR may be overbought. |
| 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) | 18.66 | 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)
45.73
-0.28 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.61%
1 Week0.77%
2 Weeks1.71%
1 Month2.12%
3 Month-4.37%
6 Month1.06%
12 Month2.35%
2 Year2.3%
3 Year-1%
5 Year47.23%
10 Year58.24%
15 Year145%
Volatility
ATR(14)0.75
ATR(20)%1.46%
ATR Inc12.21%
Range Today0.6
ADR(20)0.65
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
CRS25.05
Mansfield-1
10 Day High46.22
10 Day Low44.38
20 Day High46.22
20 Day Low43.8
52 Week High51.95
52 Week Low42.33
CS1 End45.31
CR1 Start48.28
Volume & EV
DER(3)-3.82%
DER(5)-2.16%
Volume560.90K
Volume Incr-8.8%
Vol(5)580.02K
Vol(50)633.55K