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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 2024-01-26 View latest technical analysis

10 day averaged volume of Newjersey Resources is 431510

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	41.54	42.26	42.34	41.53	1.017 times
25 Thu Jan 2024	41.94	42.01	42.22	41.69	1.421 times
24 Wed Jan 2024	41.69	42.75	42.93	41.60	1.457 times
23 Tue Jan 2024	42.36	42.29	42.49	42.07	1.151 times
22 Mon Jan 2024	42.18	42.00	42.27	41.75	1.328 times
19 Fri Jan 2024	41.73	41.64	41.84	41.15	0.693 times
18 Thu Jan 2024	41.49	41.81	41.90	41.31	0.873 times
17 Wed Jan 2024	42.07	41.75	42.44	41.42	0.789 times
16 Tue Jan 2024	42.15	42.70	42.74	42.03	0.897 times
12 Fri Jan 2024	42.93	43.49	43.67	42.85	0.696 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.8, but if it comes above 41.8, then a intra day buy could be more profitable.
If you take a sell trade below 41.8, then use 41.8 as stoploss and 40.2 as target. However if you take a buy trade in stock , then use 41.8 as stoploss and 43.22 as target.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	38.92
Downside Target	40.39
Upside Target	43.49
Upside Target	43.67
Upside Target	43.78
Upside Target	43.84
Upside Target	44.35
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	41.07
Downside Intraday Target	40.6
Upside Intraday Target	42.47
Upside Intraday Target	43.4
Upside Intraday Target	42

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	41.54	42.00	42.93	41.53	1.96 times
19 Fri Jan 2024	41.73	42.70	42.74	41.15	4.673 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Newjersey Resources (NJR)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	41.54	44.35	45.83	41.15	0.819 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 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 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 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 41.99 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.