NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NJR - US6460251068 - Common Stock
We assign a technical rating of 3 out of 10 to NJR. 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.
Although the technical rating is bad, NJR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
43.68
2 important support areas can be observed.
- A support zone ranging from 46.12 to 46.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.12 to 45.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Strong resistance @47.66 from a horizontal line in the daily time frame.
- Resistance @48.45 from a trend line in the weekly time frame.
- A resistance zone ranging from 49.74 to 49.75. 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 | 43.29 | 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) | DOWN | NEGATIVE | The current price of NJR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.97 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NJR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.97 | NEUTRAL | The Stochastics value for NJR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for NJR suggests a weak or negative trend. |
46.22
+0.41 (+0.9%)
NEW JERSEY RESOURCES CORP / NJR FAQ
What is the technical rating for NJR stock?
ChartMill assigns a technical rating of 3 / 10 to NJR.
What is the trend direction for NJR stock?
The current trend direction for NEW JERSEY RESOURCES CORP (NJR) is Bearish.
What is the RSI signal for NEW JERSEY RESOURCES CORP (NJR) stock?
NEW JERSEY RESOURCES CORP (NJR) has an RSI value of 49.9668. 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 -0.0417042, 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 neutral.