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(NFE) New Fortress complete technical analysis [charts+indicators] | Buy/Sell New Fortress | (NFE) share price targets

Complete technical analysis of New Fortress (NFE) by charts plus indicators, forecast predictions and share price targets for New Fortress (NFE)

New Fortress trades in USA in Public Utilities sector.

Showing technical analysis as on 2024-03-15 View latest technical analysis

10 day averaged volume of New Fortress is 1835120

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	31.38	31.11	31.86	31.00	0.849 times
14 Thu Mar 2024	31.16	32.63	32.65	31.10	0.718 times
13 Wed Mar 2024	32.46	32.63	33.22	32.32	0.853 times
12 Tue Mar 2024	32.64	32.91	33.20	32.24	0.656 times
11 Mon Mar 2024	32.66	32.82	33.05	32.16	0.574 times
08 Fri Mar 2024	32.75	33.37	33.83	32.66	0.873 times
07 Thu Mar 2024	33.62	33.35	34.40	33.35	0.7 times
06 Wed Mar 2024	33.57	33.99	34.19	33.08	0.571 times
05 Tue Mar 2024	33.46	32.09	34.09	31.93	1.52 times
04 Mon Mar 2024	32.02	33.83	34.23	31.67	1.945 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.5, but if it comes above 31.5, then a intra day buy could be more profitable.
If you take a sell trade below 31.5, then use 31.5 as stoploss and 30.2 as target. However if you take a buy trade in stock , then use 31.5 as stoploss and 32.52 as target.

Share price targets for New Fortress (NFE)

Target Type	Value
Downside Target	27.34
Downside Target	30.18
Upside Target	32.70
Upside Target	34.40
Upside Target	35.18
Upside Target	35.51
Upside Target	35.58
Upside Target	38.29
Upside Target	38.65
Upside Target	40.04

Intraday share price targets for New Fortress (NFE)

Target Type	Value
Downside Intraday Target	30.51
Downside Intraday Target	29.65
Upside Intraday Target	32.73
Upside Intraday Target	34.09
Upside Intraday Target	31.87

Weekly technical analysis of New Fortress (NFE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	31.38	32.82	33.22	31.00	0.651 times
08 Fri Mar 2024	32.75	33.83	34.40	31.67	0.894 times
01 Fri Mar 2024	34.43	31.52	35.58	30.64	2.969 times
23 Fri Feb 2024	31.83	32.33	32.95	30.96	0.755 times
16 Fri Feb 2024	32.56	31.86	32.70	31.14	0.845 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 New Fortress (NFE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	31.38	35.41	35.51	31.00	0.77 times
29 Thu Feb 2024	35.15	33.58	35.58	30.18	1.164 times
31 Wed Jan 2024	33.23	37.96	38.29	31.58	0.945 times
29 Fri Dec 2023	37.73	38.25	40.04	35.18	0.616 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 New Fortress (NFE)

Price action analysis of New Fortress ( (NFE) ) 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 New Fortress ( (NFE) ) 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 New Fortress ( (NFE) ) 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 New Fortress stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for New Fortress in short term and the sell signal is strong.

New Fortress 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 moving up

CCI has generated a SELL signal for New Fortress in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of New Fortress is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.54 and New Fortress (NFE) 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 New Fortress (NFE) stock. Volume based technical analysis of New Fortress (NFE) stock is negative.

New Fortress 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.