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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 2024-01-16 View latest technical analysis

10 day averaged volume of Newjersey Resources is 433550

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	42.15	42.70	42.74	42.03	0.893 times
12 Fri Jan 2024	42.93	43.49	43.67	42.85	0.693 times
12 Fri Jan 2024	42.93	43.49	43.67	42.85	0.693 times
11 Thu Jan 2024	42.95	43.80	43.80	42.80	1.031 times
10 Wed Jan 2024	44.06	44.01	44.17	43.80	0.8 times
09 Tue Jan 2024	43.96	44.64	44.64	43.87	1.233 times
08 Mon Jan 2024	44.99	45.03	45.06	44.63	0.898 times
05 Fri Jan 2024	44.96	45.08	45.60	44.81	0.903 times
04 Thu Jan 2024	45.32	45.25	45.71	45.07	1.147 times
03 Wed Jan 2024	45.25	45.35	45.83	45.00	1.413 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 42.4, for a target of 43.4 or 44.31

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	38.92
Downside Target	40.39
Downside Target	41.93
Upside Target	43.84
Upside Target	44.35
Upside Target	44.36
Upside Target	44.95
Upside Target	45.06
Upside Target	45.83
Upside Target	45.87

Intraday share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Intraday Target	41.87
Downside Intraday Target	41.6
Upside Intraday Target	42.58
Upside Intraday Target	43.02
Upside Intraday Target	42.31

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	42.15	42.70	42.74	42.03	1.289 times
12 Fri Jan 2024	42.93	43.49	43.67	42.85	0.149 times
12 Fri Jan 2024	42.93	45.03	45.06	42.80	1 times
05 Fri Jan 2024	44.96	44.35	45.83	44.35	5.58 times
29 Fri Dec 2023	44.58	44.69	44.95	44.36	0.263 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
16 Tue Jan 2024	42.15	44.35	45.83	42.03	0.456 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
31 Tue Oct 2023	40.58	40.54	43.84	38.92	0.895 times

Scroll below to view daily charts

Price has moved down 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 to mid 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 mid to longer 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.

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 SELL signal for Newjersey Resources in short term and the sell signal is strong.

Newjersey Resources Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 44.08 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.