NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
USA - NYSE:NJR - US6460251068 - Common Stock
We assign a technical rating of 0 out of 10 to NJR. 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.
NJR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 45.50, a Stop Loss order could be placed below this zone.
More info and screens
43.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.06 to 45.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.22 to 44.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.17 to 47.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @48.09 from a horizontal line in the daily time frame.
- Strong 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 | DOWN | NEGATIVE | The short term trend for NJR is down. |
| ChartMill Relative Strength | 35.99 | NEUTRAL | NJR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NJR is below a declining 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) | UP | MIXED | The current price of NJR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.75 | NEUTRAL | The RSI value for NJR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NJR has a negative trend. |
| Stochastics (14,3) | 49.66 | NEUTRAL | The Stochastics value for NJR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for NJR suggests low volalility. |
| Average Directional Index/ADX (14) | 20.03 | NEUTRAL | The ADX value for NJR suggests a possible start of a new trend. |
46.05
-0.14 (-0.3%)
NEW JERSEY RESOURCES CORP / NJR FAQ
What is the technical rating for NJR stock?
ChartMill assigns a technical rating of 0 / 10 to NJR.
What is the current trend direction of NEW JERSEY RESOURCES CORP (NJR) stock?
The current trend direction for NEW JERSEY RESOURCES CORP (NJR) is Bearish.
Can you provide the RSI signal for NEW JERSEY RESOURCES CORP?
NEW JERSEY RESOURCES CORP (NJR) has an RSI value of 44.7497. This indicates that the stock is currently neutral.
What is the MACD signal for NJR stock?
The MACD indicator for NEW JERSEY RESOURCES CORP (NJR) has a value of -0.012547, indicating a bearish trend.
What are the support and resistance levels for NEW JERSEY RESOURCES CORP (NJR) stock?
NEW JERSEY RESOURCES CORP (NJR) has a support level at 45.5 and a resistance level at 46.17. Check the full technical report for our detailed analysis of NJR support and resistance levels.