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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.

Showing technical analysis as on 2024-02-26 View latest technical analysis

10 day averaged volume of Newjersey Resources is 621460

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	40.89	41.14	41.16	40.51	0.729 times
23 Fri Feb 2024	41.42	41.57	41.70	41.31	0.522 times
22 Thu Feb 2024	41.64	41.60	41.65	41.09	1.407 times
21 Wed Feb 2024	42.01	42.01	42.41	41.62	1.403 times
20 Tue Feb 2024	42.02	41.88	42.63	41.66	0.826 times
16 Fri Feb 2024	42.08	42.06	42.40	41.68	0.688 times
15 Thu Feb 2024	42.35	41.56	42.44	41.52	0.893 times
14 Wed Feb 2024	41.34	40.79	41.42	40.56	0.914 times
13 Tue Feb 2024	40.66	41.19	41.48	40.34	0.985 times
12 Mon Feb 2024	42.13	41.25	42.27	41.25	1.095 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 40.7 as stoploss in an intra day buy trade for a target of 41.34. However, stock will show a bearish move below 40.7.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	38.92
Downside Target	40.34
Upside Target	41.93
Upside Target	42.14
Upside Target	42.44
Upside Target	42.63
Upside Target	43.49
Upside Target	43.84
Upside Target	45.83
Upside Target	45.87

Intraday share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Intraday Target	40.55
Downside Intraday Target	40.2
Upside Intraday Target	41.2
Upside Intraday Target	41.5
Downside Intraday Target	40.85

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	40.89	41.14	41.16	40.51	0.175 times
23 Fri Feb 2024	41.42	41.88	42.63	41.09	0.909 times
16 Fri Feb 2024	42.08	41.25	42.44	40.34	0.606 times
09 Fri Feb 2024	41.28	40.50	41.72	39.44	1.552 times
02 Fri Feb 2024	40.80	41.70	42.14	40.48	1.099 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
26 Mon Feb 2024	40.89	40.96	42.63	39.44	1.132 times
31 Wed Jan 2024	40.83	44.35	45.83	40.71	0.999 times
29 Fri Dec 2023	44.58	42.11	45.87	41.93	1.183 times
30 Thu Nov 2023	42.20	40.75	43.49	40.42	0.717 times

Scroll below to view daily charts

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)

Price action analysis of Newjersey Resources ( (NJR) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newjersey Resources ( (NJR) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Newjersey Resources ( (NJR) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Newjersey Resources ( (NJR) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for Newjersey Resources in short term but the buy 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 BUY signal in short term but buying is losing 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 41.68 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 negative.

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