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$NFE (New Fortress Energy Inc.) Price Analysis
Buy, Hold or Sell?

Let's analyze New Fortress Energy Inc. together

Penke

I guess you are interested in New Fortress Energy Inc.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – New Fortress Energy Inc.’s Price Targets

I'm going to help you getting a better view of New Fortress Energy Inc.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of New Fortress Energy Inc.
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of New Fortress Energy Inc.. The general trend of New Fortress Energy Inc. is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine New Fortress Energy Inc.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. New Fortress Energy Inc. Price Targets

1.1 sr

Score

Let's take a look at the sr of New Fortress Energy Inc..

  • The price is trading between support and resistance lines.
New Fortress Energy Inc. Daily sr Chart
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2. Trend Indicators

2.1 Moving Averages

Score

Let's take a look at the Moving Averages of New Fortress Energy Inc..

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is leading the MEDIUM, indicating positive trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows a strengthening upward trend.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows weakening trend behaviour.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

New Fortress Energy Inc. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of New Fortress Energy Inc..

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for New Fortress Energy Inc..
  • Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.
New Fortress Energy Inc. Daily Moving Average Convergence/Divergence (MACD) ChartNew Fortress Energy Inc. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

Score

Let's take a look at the Directional Movement Index (DMI) of New Fortress Energy Inc..

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Directional bias is mildly bullish, but overall trend conditions remain weak and lack clear conviction.
New Fortress Energy Inc. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Score

Let's take a look at the Parabolic SAR of New Fortress Energy Inc..

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
New Fortress Energy Inc. Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Score

Let's take a look at the Relative Strength Index (RSI) of New Fortress Energy Inc.. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Momentum is weakening as selling pressure becomes more pronounced.
New Fortress Energy Inc. Daily Relative Strength Index (RSI) ChartNew Fortress Energy Inc. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Score

Let's take a look at the Stochastic Oscillator of New Fortress Energy Inc.. The current phase is Oversold in bear market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for New Fortress Energy Inc..
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
New Fortress Energy Inc. Daily Stochastic Oscillator ChartNew Fortress Energy Inc. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Score

Let's take a look at the Commodity Channel Index (CCI) of New Fortress Energy Inc..

New Fortress Energy Inc. Daily Commodity Channel Index (CCI) ChartNew Fortress Energy Inc. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of New Fortress Energy Inc..

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
New Fortress Energy Inc. Daily Chande Momentum Oscillator (CMO) ChartNew Fortress Energy Inc. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Score

Let's take a look at the Williams %R of New Fortress Energy Inc..

  • Downward momentum appears stretched, suggesting selling pressure may be exhausted and conditions could stabilize or rebound.
New Fortress Energy Inc. Daily Williams %R ChartNew Fortress Energy Inc. Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Score

Let's take a look at the Bollinger Bands of New Fortress Energy Inc..

New Fortress Energy Inc. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)

Score

Let's take a look at the Average True Range (ATR) of New Fortress Energy Inc..

New Fortress Energy Inc. Daily Average True Range (ATR) ChartNew Fortress Energy Inc. Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Score

Let's take a look at the On-Balance Volume (OBV) of New Fortress Energy Inc..

New Fortress Energy Inc. Daily On-Balance Volume (OBV) ChartNew Fortress Energy Inc. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Score

Let's take a look at the Money Flow Index (MFI) of New Fortress Energy Inc..

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
New Fortress Energy Inc. Daily Money Flow Index (MFI) ChartNew Fortress Energy Inc. Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for New Fortress Energy Inc..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

New Fortress Energy Inc. Daily Candlestick Chart
DateCandlestick Pattern
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