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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 2024-03-06 View latest technical analysis

10 day averaged volume of Newjersey Resources is 518450

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	42.56	42.45	42.59	42.12	0.869 times
05 Tue Mar 2024	42.11	42.19	42.72	41.89	1.004 times
04 Mon Mar 2024	42.22	41.69	42.33	41.39	1.054 times
01 Fri Mar 2024	41.77	41.53	41.99	40.96	0.68 times
29 Thu Feb 2024	41.61	41.75	41.91	41.34	0.851 times
28 Wed Feb 2024	41.34	41.15	41.67	41.15	0.891 times
27 Tue Feb 2024	41.37	41.10	41.37	40.91	0.653 times
26 Mon Feb 2024	40.89	41.14	41.16	40.51	0.874 times
23 Fri Feb 2024	41.42	41.57	41.70	41.31	0.626 times
22 Thu Feb 2024	41.64	41.60	41.65	41.09	1.687 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 42.2, but if it comes below 42.2, then a intra day sell could be more profitable.
If you take a sell trade below 42.2, then use 42.2 as stoploss and 41.62 as target. However if you take a buy trade in stock , then use 42.2 as stoploss and 42.8 as target.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	39.44
Downside Target	40.34
Downside Target	41.99
Downside Target	42.44
Upside Target	42.63
Upside Target	42.72
Upside Target	43.49
Upside Target	45.83
Upside Target	45.87

Intraday share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Intraday Target	41.73
Downside Intraday Target	40.89
Upside Intraday Target	43.06
Upside Intraday Target	43.55
Downside Intraday Target	42.22

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	42.56	41.69	42.72	41.39	0.742 times
01 Fri Mar 2024	41.77	41.14	41.99	40.51	0.792 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

Price has moved up 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
06 Wed Mar 2024	42.56	41.53	42.72	40.96	0.144 times
29 Thu Feb 2024	41.61	40.96	42.63	39.44	1.252 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

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 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Newjersey Resources Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up

CCI has generated a buy signal for Newjersey Resources in short term and BUY 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 41.72 and Newjersey Resources (NJR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.