ENERPLUS CORP. - Daily - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 5.69 USD
My targets
5.39 USD (-2.97%)
4.90 USD (-11.73%)
My analysis
ENERPLUS CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.69 USD. The next support located at 5.39 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.90 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENERPLUS CORP. rating is 5.55 USD. On the day, this instrument lost -3.14% and was traded between 5.42 USD and 5.65 USD over the period. The price is currently at +2.40% from its lowest and -1.77% from its highest.5.42
5.65
5.55
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ENERPLUS CORP. in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 1 are neutral and 13 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 5.55 | 5.69 | 6.52 | 7.30 |
| Change (%) | - | +2.52% | +17.48% | +31.53% |
| Change | - | +0.14 | +0.97 | +1.75 |
| Level | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.24 | 5.48 | 5.61 | 5.85 | 5.98 | 6.22 | 6.35 |
| Camarilla | 5.63 | 5.66 | 5.70 | 5.73 | 5.76 | 5.80 | 5.83 |
| Woodie | 5.18 | 5.45 | 5.55 | 5.82 | 5.92 | 6.19 | 6.29 |
| Fibonacci | 5.48 | 5.63 | 5.71 | 5.85 | 6.00 | 6.08 | 6.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.77 | 6.06 | 6.26 | 6.55 | 6.75 | 7.04 | 7.24 |
| Camarilla | 6.33 | 6.37 | 6.42 | 6.46 | 6.51 | 6.55 | 6.60 |
| Woodie | 5.73 | 6.04 | 6.22 | 6.53 | 6.71 | 7.02 | 7.20 |
| Fibonacci | 6.06 | 6.25 | 6.36 | 6.55 | 6.74 | 6.85 | 7.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.90 | 5.39 | 6.26 | 6.74 | 7.62 | 8.10 | 8.98 |
| Camarilla | 6.76 | 6.88 | 7.01 | 7.13 | 7.26 | 7.38 | 7.50 |
| Woodie | 5.09 | 5.48 | 6.45 | 6.84 | 7.81 | 8.20 | 9.17 |
| Fibonacci | 5.39 | 5.90 | 6.23 | 6.74 | 7.26 | 7.58 | 8.10 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.24 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -34.32 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 6.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.83 | |
| Elder Ray (13): | -0.85 | |
| Super Trend (3,10): | 6.38 | |
| Zig ZAG (10): | 5.55 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 3.63 | |
| TEMA (21): | 6.06 | |
| Williams %R (14): | -93.26 | |
| Chande Momentum Oscillator (20): | -1.75 | |
| Repulse (5,40,3): | -10.9500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 25.38 |
| MA7: | 6.23 | |
| MA20: | 6.74 | |
| MA50: | 6.57 | |
| MA100: | 6.71 | |
| MAexp7: | 6.12 | |
| MAexp20: | 6.52 | |
| MAexp50: | 6.61 | |
| MAexp100: | 6.71 | |
| Price / MA7: | -10.91% | |
| Price / MA20: | -17.66% | |
| Price / MA50: | -15.53% | |
| Price / MA100: | -17.29% | |
| Price / MAexp7: | -9.31% | |
| Price / MAexp20: | -14.88% | |
| Price / MAexp50: | -16.04% | |
| Price / MAexp100: | -17.29% |
News
Don"t forget to follow the news on ENERPLUS CORP.. At the time of publication of this analysis, the latest news was as follows:
- Enerplus Corporation to Host Earnings Call
- Enerplus Corporation to Host Earnings Call
- Investor Network: Enerplus Corporation to Host Earnings Call
-
Enerplus
This member declared not having a position on this financial instrument or a related financial instrument.
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