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Contact Energy Limited

COENF•PNK
Utilities
Renewable Utilities
$6.36
$0.00(0.00%)
U.S. Market opens in 10h 50m

Contact Energy Limited (COENF) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Contact Energy Limited (PNK:COENF).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

COENF Technical Analysis Summary

Contact Energy Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish to Bearish Risk (RSI: 98.34)
Trend Strength:Very Strong (ADX: 87.15)
Volatility:Low (ATR: 0.05)

Technical conditions suggest Contact Energy Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 98.34

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 97.10

Bearish
Overbought levels may trigger pullback.

Williams %R: 0.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 12.57

Strongly Bullish
Strong upside momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 0.13

Bullish
Bullish, trend momentum is strengthening.

ADX: 87.15

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.05

Low
Low volatility, stable price action.

CCI (14): 233.33

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Contact Energy Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
-
Middle Band (SMA 20)
-
Lower Band
-
Current Position
Unknown
Keltner Channels
Upper Channel
$5.99
Middle Line (EMA 20)
$5.89
Lower Channel
$5.79
Squeeze Status
Unknown

Takeaway:Contact Energy Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-55.88K
Money Flow Index8.19Bullish, oversold conditions signal rebound potential.
Relative Vigor Index16.16Bearish, price momentum favors sellers.

Overall Takeaway:COENF shows oversold money flow, with rebound potential building.

Technical Trading Signals Summary
Based on the current technical analysis of Contact Energy Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Insufficient data to provide a recommendation for Contact Energy Limited.

Technical Analysis FAQ