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(NJR) Newjersey Resources complete technical analysis [charts+indicators] | Buy/Sell Newjersey Resources | (NJR) share price targets

Complete technical analysis of Newjersey Resources (NJR) by charts plus indicators, forecast predictions and share price targets for Newjersey Resources (NJR)

Newjersey Resources trades in USA in Public Utilities sector.

10 day averaged volume of Newjersey Resources is 466619

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 44.11 44.45 44.45 44.04 0.784 times
16 Thu May 2024 44.48 44.15 44.60 44.11 0.832 times
15 Wed May 2024 44.12 44.46 44.49 44.01 0.893 times
14 Tue May 2024 43.97 44.64 44.66 43.79 0.877 times
13 Mon May 2024 44.12 44.62 44.75 44.12 0.947 times

My analysis of stock is bullish for shortterm, and stock might move up till 44.5 or till 45.1. Use a stoploss of 44.05 and if this stock hits its stoploss, then it can fall down till 43.58

Share price targets for Newjersey Resources (NJR)

Target Type Value
Downside Target 39.44
Downside Target 40.62
Downside Target 42.63
Downside Target 43.79
Downside Target 43.94
Upside Target 44.75
Upside Target 45.08
Upside Target 45.12
Upside Target 45.83

Intraday share price targets for Newjersey Resources (NJR)

Target Type Value
Downside Intraday Target 43.68
Downside Intraday Target 43.26
Upside Intraday Target 44.64
Upside Intraday Target 45.18
Upside Intraday Target 44.22

Weekly technical analysis of Newjersey Resources (NJR)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 44.11 44.62 44.75 43.79 0.765 times
10 Fri May 2024 44.33 44.92 45.12 43.02 1.126 times
03 Fri May 2024 44.70 43.49 45.08 42.96 0.986 times
26 Fri Apr 2024 43.34 43.29 43.94 42.78 1.047 times
19 Fri Apr 2024 43.36 41.85 43.39 40.62 1.48 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Newjersey Resources (NJR)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 44.11 43.98 45.12 43.02 0.617 times
30 Tue Apr 2024 43.69 42.91 43.94 40.62 0.965 times
28 Thu Mar 2024 42.91 41.53 43.55 40.96 0.758 times
29 Thu Feb 2024 41.61 40.96 42.63 39.44 1.289 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Newjersey Resources (NJR)

Indicator Name Indicator Value Indicator Signal
ADX 17, 23, 14 Sell
MACD 1, 1Sell
Stochastics 58None
CCI -64Sell
RSI 44Sell
OBV 4161094Sell
VWAP 44Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Newjersey Resources ( (NJR) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Newjersey Resources ( (NJR) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Newjersey Resources ( (NJR) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Newjersey Resources ( (NJR) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Newjersey Resources stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Newjersey Resources in short term but the sell signal is initial and weak.

Newjersey Resources Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Newjersey Resources in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Newjersey Resources is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 44.37 and Newjersey Resources (NJR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Newjersey Resources (NJR) stock. Volume based technical analysis of Newjersey Resources (NJR) stock is negative.

Newjersey Resources Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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