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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 2024-03-15 View latest technical analysis

10 day averaged volume of Newjersey Resources is 429030

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	41.71	41.52	42.20	41.28	3.685 times
14 Thu Mar 2024	41.74	41.98	42.18	41.21	1.257 times
13 Wed Mar 2024	42.34	42.83	43.17	42.29	0.949 times
12 Tue Mar 2024	42.77	42.82	42.95	42.34	1.065 times
11 Mon Mar 2024	43.51	43.02	43.55	43.02	0.708 times
08 Fri Mar 2024	43.02	43.29	43.34	42.96	0.771 times
07 Thu Mar 2024	42.98	42.89	43.16	42.75	0.892 times
06 Wed Mar 2024	42.56	42.45	42.59	42.12	1.05 times
05 Tue Mar 2024	42.11	42.19	42.72	41.89	1.213 times
04 Mon Mar 2024	42.22	41.69	42.33	41.39	1.274 times

Stock of Newjersey Resources (NJR) has showed a significant fall. This could be a good time to exit from this stock.

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 41.4 as stoploss in an intra day buy trade for a target of 42.06. However, stock will show a bearish move below 41.4.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	39.44
Downside Target	40.34
Upside Target	42.44
Upside Target	42.63
Upside Target	43.34
Upside Target	43.49
Upside Target	43.55
Upside Target	45.83
Upside Target	45.87

Intraday share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Intraday Target	40.76
Downside Intraday Target	39.82
Upside Intraday Target	43.1
Upside Intraday Target	44.5
Upside Intraday Target	42.16

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	41.71	43.02	43.55	41.21	1.474 times
08 Fri Mar 2024	43.02	41.69	43.34	41.39	1.09 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

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
15 Fri Mar 2024	41.71	41.53	43.55	40.96	0.453 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 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 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 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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Newjersey Resources in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.27 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.