NEW JERSEY RESOURCES CORP (NJR) Technical Analysis
NYSE:NJR • US6460251068
Current stock price
NJR Technical Rating and Analysis
Overall NJR gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NJR is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- NJR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NJR is performing more or less in line with the market.
- Looking at the yearly performance, NJR did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- NJR is an average performer in the Gas Utilities industry, it outperforms 50% of 15 stocks in the same industry.
- In the last month NJR has a been trading in a tight range between 52.51 and 55.49.
NJR Weekly and Daily overview Charts
NJR Setup Rating and Analysis
Besides having an excellent technical rating, NJR also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 53.78, a Stop Loss order could be placed below this zone.
More info and screens
NJR Support and Resistance Analysis
43.79
2 important support areas can be observed.
- A support zone ranging from 53.27 to 53.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.23 to 45.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.20 to 55.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NJR Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for NJR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NJR is neutral. |
| ChartMill Relative Strength | 76.83 | POSITIVE | NJR has a high relative strength, it outperformed 76.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NJR is below 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) | 52.65 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests NJR has a negative trend. |
| Stochastics (14,3) | 29.39 | NEUTRAL | The Stochastics value for NJR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 33.55 | POSITIVE | The high ADX value value for NJR suggests a strong trend. |
NJR Chart- and CandleStick Pattern Analysis
NJR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.27 | 53.26 | 2.01 (3.64%) | 25.00% |
| An entry @55.27. This is a Buy Stop order right above the resistance zone. | An exit @53.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.01 points, which is 3.64%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NJR Technicals: Chart, Performance Metrics, Trend & Indicators
53.79
+0.51 (+0.96%)
NEW JERSEY RESOURCES CORP / NJR TA FAQ
What is the technical rating for NJR stock?
ChartMill assigns a technical rating of 7 / 10 to NJR.
What is the trend direction for NJR stock?
The current trend direction for NEW JERSEY RESOURCES CORP (NJR) is Bullish.
What is the RSI signal for NEW JERSEY RESOURCES CORP (NJR) stock?
NEW JERSEY RESOURCES CORP (NJR) has an RSI value of 52.6548. 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 -0.290575, 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.