ELEMENTS ROGERS ENERGY TR (RJN) Technical Analysis
NYSEARCA:RJN • US8702973061
Current stock price
RJN Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to RJN. Although RJN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month RJN has a been trading in the 3.63 - 4.34 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the yearly performance of all stocks, we notice that RJN is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, RJN also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 7 months ago.
- RJN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RJN is lagging the market.
- Considerably lower volume is observed in the last couple of days.
RJN Weekly and Daily overview Charts
RJN Setup Rating and Analysis
Although the technical rating is only medium, RJN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for RJN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
RJN Support and Resistance Analysis
2.90
We found 3 important support areas.
- Support @3.88 from a trend line in the weekly time frame.
- A support zone ranging from 3.71 to 3.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.93 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.21 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.46 from a horizontal line in the daily time frame.
- Resistance @4.57 from a horizontal line in the daily time frame.
RJN 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 | NEUTRAL | NEUTRAL | The long term trend for RJN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RJN is neutral. |
| ChartMill Relative Strength | 92.63 | POSITIVE | RJN has a high relative strength, it outperformed 92.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RJN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RJN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RJN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.66 | NEUTRAL | The RSI value for RJN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RJN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.76 | OVERSOLD | The low Stochastics value suggests RJN may be oversold. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for RJN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.19 | NEGATIVE | The low ADX value for RJN suggests a weak or negative trend. |
RJN Chart- and CandleStick Pattern Analysis
RJN Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:RJN (10/21/2022, 10:46:54 PM)
4.015
+0.09 (+2.42%)
ELEMENTS ROGERS ENERGY TR / RJN TA FAQ
What is the technical rating for RJN stock?
ChartMill assigns a technical rating of 4 / 10 to RJN.
What is the trend direction for RJN stock?
The current trend direction for ELEMENTS ROGERS ENERGY TR (RJN) is Bearish.
What is the RSI signal for RJN stock?
ELEMENTS ROGERS ENERGY TR (RJN) has an RSI value of 49.6626. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ELEMENTS ROGERS ENERGY TR?
ELEMENTS ROGERS ENERGY TR (RJN) has a support level at 3.88 and a resistance level at 4.21. Check the full technical report for our detailed analysis of RJN support and resistance levels.