NEWJERSEY RESOURCES - Daily - Technical analysis published on 11/21/2019 (GMT)
- Who voted?
- 132
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 44.11 USD
My targets
41.65 USD (-2.80%)
40.61 USD (-5.23%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NEWJERSEY RESOURCES. As long as you are under the resistance located at 44.11 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 41.65 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 40.61 USD as an objective. Crossing it would then enable sellers to target 38.70 USD. If the resistance 44.11 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.4
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 NEWJERSEY RESOURCES price is 42.85 USD. The price is lower by -0.30% since the last closing and was traded between 42.42 USD and 43.19 USD over the period. The price is currently at +1.01% from its lowest and -0.79% from its highest.42.42
43.19
42.85
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEWJERSEY RESOURCES:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEWJERSEY RESOURCES in Daily shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.70 | 40.61 | 41.65 | 42.85 | 44.11 | 46.78 | 48.50 |
| Change (%) | -9.68% | -5.23% | -2.80% | - | +2.94% | +9.17% | +13.19% |
| Change | -4.15 | -2.24 | -1.20 | - | +1.26 | +3.93 | +5.65 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.71 | 40.14 | 41.56 | 42.99 | 44.41 | 45.84 | 47.26 |
| Camarilla | 42.20 | 42.46 | 42.72 | 42.98 | 43.24 | 43.50 | 43.76 |
| Woodie | 38.71 | 40.14 | 41.56 | 42.99 | 44.41 | 45.84 | 47.26 |
| Fibonacci | 40.14 | 41.23 | 41.90 | 42.99 | 44.08 | 44.75 | 45.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.99 | 39.65 | 40.57 | 41.23 | 42.15 | 42.81 | 43.73 |
| Camarilla | 41.05 | 41.19 | 41.34 | 41.48 | 41.63 | 41.77 | 41.91 |
| Woodie | 39.11 | 39.72 | 40.69 | 41.30 | 42.27 | 42.88 | 43.85 |
| Fibonacci | 39.65 | 40.26 | 40.63 | 41.23 | 41.84 | 42.21 | 42.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.18 | 40.94 | 42.27 | 44.03 | 45.36 | 47.12 | 48.45 |
| Camarilla | 42.75 | 43.03 | 43.32 | 43.60 | 43.88 | 44.17 | 44.45 |
| Woodie | 38.97 | 40.83 | 42.06 | 43.92 | 45.15 | 47.01 | 48.24 |
| Fibonacci | 40.94 | 42.12 | 42.85 | 44.03 | 45.21 | 45.94 | 47.12 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.83 | |
| MACD (12,26,9): | -0.4600 | |
| Directional Movement: | 14.31 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 41.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.40 | |
| Elder Ray (13): | 0.68 | |
| Super Trend (3,10): | 40.23 | |
| Zig ZAG (10): | 42.85 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 54.14 | |
| TEMA (21): | 41.70 | |
| Williams %R (14): | -38.29 | |
| Chande Momentum Oscillator (20): | 0.65 | |
| Repulse (5,40,3): | 1.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 7.64 |
| MA7: | 41.79 | |
| MA20: | 42.44 | |
| MA50: | 43.46 | |
| MA100: | 45.23 | |
| MAexp7: | 42.13 | |
| MAexp20: | 42.35 | |
| MAexp50: | 43.36 | |
| MAexp100: | 44.63 | |
| Price / MA7: | +2.54% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | -1.40% | |
| Price / MA100: | -5.26% | |
| Price / MAexp7: | +1.71% | |
| Price / MAexp20: | +1.18% | |
| Price / MAexp50: | -1.18% | |
| Price / MAexp100: | -3.99% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NEWJERSEY RESOURCES - Daily