NEW JERSEY RESOURCES CORP (NJR) Stock Technical Analysis
NYSE:NJR - New York Stock Exchange, Inc. - US6460251068 - Common Stock - Currency: USD
Overall NJR gets a technical rating of 3 out of 10. NJR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
NJR is one of the lesser performing stocks in the Gas Utilities industry. 61% of 14 stocks in the same industry do better.
In the last month NJR has a been trading in the 44.90 - 48.30 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, NJR outperforms 64% of them, which is more or less in line with the market.
NJR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NJR is lagging the market.
Although the technical rating is bad, NJR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 45.69, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.21
52.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.17 to 45.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.62 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.17 to 47.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.21 to 51.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.5
Mansfield-0.47
10 Day High48.3
10 Day Low45.36
20 Day High48.3
20 Day Low44.9
52 Week High51.95
52 Week Low40.34
Performance
1 Week-0.11%
2 Weeks0.77%
1 Month2.85%
3 Month0.34%
6 Month5.67%
12 Month13.81%
2 Year-7.94%
3 Year7.7%
5 Year33.05%
10 Year50.14%
15 Year157.99%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)48.88
LBB46.28
UBB48.36
NEW JERSEY RESOURCES CORP
NYSE:NJR (2/5/2025, 7:06:13 PM)
After market: 46.98 0 (0%)46.98
+0.46 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.99%
1 Week-0.11%
2 Weeks0.77%
1 Month2.85%
3 Month0.34%
6 Month5.67%
12 Month13.81%
2 Year-7.94%
3 Year7.7%
5 Year33.05%
10 Year50.14%
15 Year157.99%
Volatility
ATR(14)1.18
ATR(20)%2.37%
ATR Inc39.53%
Range Today0.96
ADR(20)1.01
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.5
Mansfield-0.47
10 Day High48.3
10 Day Low45.36
20 Day High48.3
20 Day Low44.9
52 Week High51.95
52 Week Low40.34
CS1 End45.69
CR1 Start47.17
Volume & EV
DER(3)0.62%
DER(5)0.18%
Volume685.77K
Volume Incr41.47%
Vol(5)718.60K
Vol(50)543.20K