PIMCO ENRGY & TACT CRDT OPP (NRGX) Technical Analysis
NYSE:NRGX • US69346N1072
Current stock price
NRGX Technical Rating and Analysis
Overall NRGX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NRGX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NRGX is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, NRGX also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by NRGX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month NRGX has a been trading in the 18.55 - 20.36 range, which is quite wide. It is currently trading near the high of this range.
NRGX Weekly and Daily overview Charts
NRGX Setup Rating and Analysis
Besides having an excellent technical rating, NRGX also presents 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 20.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.82, a Stop Loss order could be placed below this zone.
More info and screens
NRGX Support and Resistance Analysis
13.39
We found 4 important support areas.
- A support zone ranging from 19.54 to 19.82. 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 18.48 to 18.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.64 from a trend line in the weekly time frame.
- Support @13.53 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.27 to 20.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
NRGX 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 NRGX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRGX is up. |
| ChartMill Relative Strength | 91.99 | POSITIVE | NRGX has a high relative strength, it outperformed 91.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.01 | NEUTRAL | The RSI value for NRGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NRGX has a positive trend. |
| Stochastics (14,3) | 88.03 | OVERBOUGHT | The high Stochastics value suggests NRGX may be overbought. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for NRGX suggests low volalility. |
| Average Directional Index/ADX (14) | 34.35 | POSITIVE | The high ADX value value for NRGX suggests a strong trend. |
NRGX Chart- and CandleStick Pattern Analysis
NRGX 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 |
|---|---|---|---|
| 20.28 | 19.53 | 0.75 (3.70%) | 25.00% |
| An entry @20.28. This is a Buy Stop order right above the resistance zone. | An exit @19.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.75 points, which is 3.70%. | For a 0.92% 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.
NRGX Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:NRGX (11/20/2023, 8:26:40 PM)
20.26
+0.2 (+1%)
PIMCO ENRGY & TACT CRDT OPP / NRGX TA FAQ
Can you provide the ChartMill technical rating for PIMCO ENRGY & TACT CRDT OPP?
ChartMill assigns a technical rating of 10 / 10 to NRGX.
Can you provide the trend direction for PIMCO ENRGY & TACT CRDT OPP?
The current trend direction for PIMCO ENRGY & TACT CRDT OPP (NRGX) is Bullish.
What is the RSI signal for NRGX stock?
PIMCO ENRGY & TACT CRDT OPP (NRGX) has an RSI value of 67.0077. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PIMCO ENRGY & TACT CRDT OPP?
The MACD indicator for PIMCO ENRGY & TACT CRDT OPP (NRGX) has a value of 0.0145551, indicating a bearish trend.
What is the buy/sell signal for NRGX stock?
The buy/sell signal for PIMCO ENRGY & TACT CRDT OPP (NRGX) is buy as both the short term and long term trends are positive.