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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 2024-01-31 View latest technical analysis

10 day averaged volume of Newjersey Resources is 478040

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	40.83	41.92	42.05	40.71	1.783 times
30 Tue Jan 2024	41.66	42.04	42.14	41.65	1.308 times
29 Mon Jan 2024	42.10	41.70	42.11	41.34	0.813 times
26 Fri Jan 2024	41.54	42.26	42.34	41.53	0.918 times
25 Thu Jan 2024	41.94	42.01	42.22	41.69	1.282 times
24 Wed Jan 2024	41.69	42.75	42.93	41.60	1.315 times
23 Tue Jan 2024	42.36	42.29	42.49	42.07	1.039 times
22 Mon Jan 2024	42.18	42.00	42.27	41.75	1.199 times
19 Fri Jan 2024	41.73	41.64	41.84	41.15	0.626 times
18 Thu Jan 2024	41.49	41.81	41.90	41.31	0.788 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.4, but if it comes above 41.4, then a intra day buy could be more profitable.
If you take a sell trade below 41.4, then use 41.4 as stoploss and 39.9 as target. However if you take a buy trade in stock , then use 41.4 as stoploss and 42.69 as target.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	38.92
Downside Target	40.39
Upside Target	42.85
Upside Target	42.93
Upside Target	43.49
Upside Target	43.67
Upside Target	43.78
Upside Target	43.84
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	40.31
Downside Intraday Target	39.8
Upside Intraday Target	41.74
Upside Intraday Target	42.66
Upside Intraday Target	41.23

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	40.83	41.70	42.14	40.71	0.679 times
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

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
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
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 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 41.7 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.