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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 2024-02-06 View latest technical analysis

10 day averaged volume of Newjersey Resources is 645770

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	40.91	41.38	41.72	40.20	1.846 times
05 Mon Feb 2024	39.48	40.50	40.50	39.44	1.95 times
02 Fri Feb 2024	40.80	40.92	41.27	40.48	1.049 times
01 Thu Feb 2024	41.46	40.96	41.62	40.83	0.739 times
31 Wed Jan 2024	40.83	41.92	42.05	40.71	1.32 times
30 Tue Jan 2024	41.66	42.04	42.14	41.65	0.969 times
29 Mon Jan 2024	42.10	41.70	42.11	41.34	0.602 times
26 Fri Jan 2024	41.54	42.26	42.34	41.53	0.679 times
25 Thu Jan 2024	41.94	42.01	42.22	41.69	0.949 times
24 Wed Jan 2024	41.69	42.75	42.93	41.60	0.973 times

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 40.9 as stoploss in an intra day buy trade for a target of 41.86. However, stock will show a bearish move below 40.9.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	38.92
Downside Target	40.42
Upside Target	42.14
Upside Target	42.74
Upside Target	42.85
Upside Target	42.93
Upside Target	43.49
Upside Target	43.67
Upside Target	43.84
Upside Target	45.83
Upside Target	45.87

Intraday share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Intraday Target	39.66
Downside Intraday Target	38.41
Upside Intraday Target	41.94
Upside Intraday Target	42.97
Downside Intraday Target	40.69

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	40.91	40.50	41.72	39.44	0.811 times
02 Fri Feb 2024	40.80	41.70	42.14	40.48	1.099 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

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 Tue Feb 2024	40.91	40.96	41.72	39.44	0.348 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
30 Thu Nov 2023	42.20	40.75	43.49	40.42	0.717 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 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 losing momentum.

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

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling is losing 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 41 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.