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NEW GUINEA ENERGY LTD (NGE.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 29 Jun 2017NoneDojiThu, 08 Jun 20176.98%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
0.46 0.00 (0%) Nov 01 3:43am AEST
Open: 0.46 Range: 0.46 - 0.46 Vol: 3K Avg Vol: 27.78K
EPS: 0.02 P/E ratio: 28.75 EBITDA: -982999.00 Mkt Cap: 18.50M
Analyze "NGE.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 0.45
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 0.43
Last Trade is above the 50 day moving average at 0.42
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 0.33
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of NGE.AX

Stock Trend Analysis - Buy, Sell or Hold "NEW GUINEA ENERGY LTD" (NGE.AX)?

NGE.AX is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 63% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation NGE.AX will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 0.33. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "NGE.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 29 Jun 2017

News on "NGE.AX" Stock

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