RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NJR
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NewJersey Resources Corporation stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The NewJersey Resources Corporation stock price gained 1.88% on the last trading day (Wednesday, 27th Mar 2024), rising from $41.59 to $42.37. During the last trading day the stock fluctuated 2.22% from a day low at $41.47 to a day high of $42.39. The price has been going up and down for this period, and there has been a 0.07% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 218 thousand more shares were traded than the day before. In total, 387 thousand shares were bought and sold for approximately $16.41 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $43.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.27% during the next 3 months and, with a 90% probability hold a price between $36.71 and $41.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NJR Signals & Forecast

The NewJersey Resources Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $41.95 and $41.87. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for NewJersey Resources Corporation stock

NewJersey Resources Corporation finds support from accumulated volume at $41.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.92 between high and low, or 2.22%. For the last week the stock has had daily average volatility of 1.49%.

Our recommended stop-loss: $40.45 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (NJR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NewJersey Resources Corporation to open at $42.08, and during the day (based on 14 day Average True Range), to move between $41.63 and $43.11, which gives a possible trading interval of +/-$0.741 (+/-1.75%) up or down from last closing price. If NewJersey Resources Corporation takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.77 (0.94%) than the support at $41.34 (2.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NewJersey Resources Corporation stock A Buy?

NewJersey Resources Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.020 Hold/Accumulate Upgraded

Predicted Opening Price for NewJersey Resources Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$42.08 ( 0.692%) $42.37

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NJR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 43.00 1.48 %
R2 42.65 0.650 %
R1 42.43 0.137 %
Current price: 42.37
Support S1 41.73 -1.52 %
S2 41.51 -2.03 %
S3 41.16 -2.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 45.27 6.84 %
R2 45.25 6.80 %
R1 42.77 0.94 %
Current price 42.37
Support S1 41.34 -2.43%
S2 41.15 -2.88%
S3 40.91 -3.45%

NJR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 24, 2024 Mar 12, 2024 Apr 01, 2024 $0.420 0.99%
2 Nov 16, 2023 Dec 12, 2023 Jan 02, 2024 $0.420 0.93%
3 Jul 12, 2023 Sep 19, 2023 Oct 02, 2023 $0.390 0.99%
4 Apr 05, 2023 Jun 13, 2023 Jul 03, 2023 $0.390 0.82%
5 Jan 25, 2023 Mar 14, 2023 Apr 03, 2023 $0.390 0.741%

FAQ

What is the symbol for NewJersey Resources Corporation Stock and on which exchange is it traded?
The symbol for NewJersey Resources Corporation is NJR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell NewJersey Resources Corporation Stock?
NewJersey Resources Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy NewJersey Resources Corporation Stock?
NewJersey Resources Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NewJersey Resources Corporation Stock.

What's the current price of NewJersey Resources Corporation Stock?
As of the end of day on the 2024-03-27, the price of an NewJersey Resources Corporation (NJR) share was $42.37.

What is the 52-week high and low for NewJersey Resources Corporation Stock?
The 52-week high for NewJersey Resources Corporation Stock is $55.84 and the 52-week low is $38.92.

What is the market capitalization of NewJersey Resources Corporation Stock?
As of the 2024-03-27, the market capitalization of NewJersey Resources Corporation is 4.165B.

When is the next earnings date for NewJersey Resources Corporation?
The upcoming earnings date for NewJersey Resources Corporation is May 02, 2024.
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About NewJersey Resources Corporation

NewJersey Resources New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Bur... NJR Profile

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