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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.

10 day averaged volume of Newjersey Resources is 353090

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	41.55	41.53	41.84	41.30	1.039 times
16 Tue Apr 2024	41.28	41.29	41.37	40.62	1.082 times
15 Mon Apr 2024	41.58	41.85	42.05	41.20	1.092 times
12 Fri Apr 2024	41.79	41.82	42.11	41.55	0.795 times
11 Thu Apr 2024	41.87	42.07	42.07	41.34	1.007 times
10 Wed Apr 2024	41.79	42.12	42.12	41.40	1.112 times
09 Tue Apr 2024	42.92	43.10	43.31	42.73	0.688 times
08 Mon Apr 2024	42.93	42.86	43.20	42.78	0.747 times
05 Fri Apr 2024	42.78	42.64	42.93	42.22	1.186 times
04 Thu Apr 2024	42.91	43.07	43.25	42.53	1.255 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.7, but if it comes above 41.7, then a intra day buy could be more profitable.
If you take a sell trade below 41.7, then use 41.7 as stoploss and 41 as target. However if you take a buy trade in stock , then use 41.7 as stoploss and 42.23 as target.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	39.44
Downside Target	40.62
Upside Target	42.31
Upside Target	42.63
Upside Target	43.02
Upside Target	43.25
Upside Target	43.31
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	39.98
Upside Intraday Target	42.19
Upside Intraday Target	42.84
Downside Intraday Target	41.41

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	41.55	41.85	42.05	40.62	0.739 times
12 Fri Apr 2024	41.79	42.86	43.31	41.34	0.716 times
05 Fri Apr 2024	42.78	42.91	43.25	42.17	1.509 times
28 Thu Mar 2024	42.91	42.29	43.02	41.41	0.56 times
22 Fri Mar 2024	42.05	41.68	42.31	41.08	0.773 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
17 Wed Apr 2024	41.55	42.91	43.31	40.62	0.49 times
28 Thu Mar 2024	42.91	41.53	43.55	40.96	0.758 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

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 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 mid to longer 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.

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.

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 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 42.12 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.