Technical Analysis for ERF - Enerplus Corporation

Grade Last Price % Change Price Change
B 26.780 -3.36% -0.930
ERF closed down 3.36 percent on Monday, June 3, 2024, on 84 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
Earnings due: Aug 7
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Cup with Handle Other 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Wide Range Bar Range Expansion 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%

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Profile

Enerplus Corporation Description

Enerplus Corporation is an energy producer. The Company's capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania. Its Canadian crude oil properties production averaged approximately 18,978 barrels of oil equivalent per day (BOE/day). Its Canadian crude oil portfolio includes Mannville producers Medicine Hat Glauconitic, Brooks and Giltedge, as well as Progress (a Boundary Lake producer), all of which are located in Alberta, and Freda Lake/Neptune, located in Saskatchewan and producing from the Mississippian Ratcliffe. Its primary United States crude oil properties are located in the Fort Berthold region of North Dakota and in Richland County, Montana. Its United States natural gas properties primarily consist of its non-operated Marcellus shale gas interests located in northeastern Pennsylvania.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Physical Sciences Energy Oil Natural Gas Petroleum Medicine Crude Oil Nature Gas Properties Rook Natural Gas Properties Montana North Dakota Oil Equivalent Shale Shale Gas Mannville Natural Gas Interests Williston Basin Bank Of England Mississippi Oil Properties

Is ERF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 28.5293
52 Week Low 17.8983
Average Volume 625,066
200-Day Moving Average 23.109
50-Day Moving Average 27.068
20-Day Moving Average 27.184
10-Day Moving Average 27.332
Average True Range 0.631
RSI (14) 45.65
ADX 20.61
+DI 19.023
-DI 16.487
Chandelier Exit (Long, 3 ATRs) 26.336
Chandelier Exit (Short, 3 ATRs) 27.782
Upper Bollinger Bands 27.740
Lower Bollinger Band 26.628
Percent B (%b) 0.14
BandWidth 4.089
MACD Line 0.140
MACD Signal Line 0.168
MACD Histogram -0.0278
Fundamentals Value
Market Cap 5.96 Billion
Num Shares 223 Million
EPS 1.75
Price-to-Earnings (P/E) Ratio 15.28
Price-to-Sales 0.71
Price-to-Book 1.02
PEG Ratio -0.56
Dividend 0.12
Dividend Yield 0.45%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.195
Resistance 3 (R3) 29.410 28.820 28.793
Resistance 2 (R2) 28.820 28.205 28.713 28.658
Resistance 1 (R1) 27.800 27.825 27.505 27.585 28.524
Pivot Point 27.210 27.210 27.063 27.103 27.210
Support 1 (S1) 26.190 26.595 25.895 25.975 25.036
Support 2 (S2) 25.600 26.215 25.493 24.902
Support 3 (S3) 24.580 25.600 24.768
Support 4 (S4) 24.365