Technical Analysis for ERF - Enerplus Corporation

Grade Last Price % Change Price Change
B 23.720 -1.58% -0.380
ERF closed down 1.58 percent on Friday, February 23, 2024, on 2.4 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%
Shooting Star Candlestick Bearish -1.58%
Lizard Bearish Bearish Day Trade Setup -1.58%
Expansion Breakout Bullish Swing Setup -1.58%

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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 Mannville Natural Gas Interests Shale Gas Williston Basin Bank Of England Enerplus 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 25.65
52 Week Low 17.5159
Average Volume 673,852
200-Day Moving Average 21.150
50-Day Moving Average 20.133
20-Day Moving Average 20.712
10-Day Moving Average 22.064
Average True Range 0.738
RSI (14) 74.36
ADX 33.53
+DI 53.822
-DI 12.614
Chandelier Exit (Long, 3 ATRs) 23.436
Chandelier Exit (Short, 3 ATRs) 20.444
Upper Bollinger Bands 23.895
Lower Bollinger Band 17.528
Percent B (%b) 0.97
BandWidth 30.738
MACD Line 0.927
MACD Signal Line 0.530
MACD Histogram 0.3968
Fundamentals Value
Market Cap 5.28 Billion
Num Shares 223 Million
EPS 1.75
Price-to-Earnings (P/E) Ratio 13.53
Price-to-Sales 0.71
Price-to-Book 1.02
PEG Ratio -0.56
Dividend 0.12
Dividend Yield 0.51%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.515
Resistance 3 (R3) 24.517 24.253 24.383
Resistance 2 (R2) 24.253 24.051 24.253 24.338
Resistance 1 (R1) 23.987 23.926 24.120 23.985 24.294
Pivot Point 23.723 23.723 23.790 23.723 23.723
Support 1 (S1) 23.457 23.521 23.590 23.455 23.146
Support 2 (S2) 23.193 23.396 23.193 23.102
Support 3 (S3) 22.927 23.193 23.058
Support 4 (S4) 22.925