Resistance

Fortress

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>New Fortress Energy stock price is currently trading at $27.18 with a drop of 3.99% in the last 24 hours.</a> </li> 
 <li> <span>2</span> <a>NFE has a current market cap of $5.573 Billion.</a> </li> 
</ul> 
<p>New Fortress Energy stock price has not been impressive so far this year. Year-to-date, it gave negative returns of -31.26% and -32.39% in the span of 6 months. In the last 1 month, it gave a positive return of 5.23% and -3.55% in the last seven days. The stock is in a long bearish trend.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-new-fortress-energy-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of New Fortress Energy Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/vi3JkSeY1X_KhTcxI4MkBWhywi7-0uInad-SGYlkfMNiuZnKY2kXuG9zdpxELxuFt1WOeCb7OH9ls1qc0EcUsfhEoPVF2AxxLdwensoPUet0rt7J0cgzw5taWdrLJSMJ4pzeQqfZo0NXehSc0p8WLug" alt="New Fortress Energy Stock Price Prediction: What's Next For NFE?"> 
  <figcaption class="wp-element-caption">
    Source: New Fortress Energy .1D.NASDAQ by <a href="https://www.tradingview.com/x/a6JbGiPW/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>New Fortress Energy ( NASDAQ: NFE) has steadily seen its stock price decline in the past few months. At the time of writing, NFE stock is trading at $27.18 and has been trying to hold on to this level after a short pullback.</p> 
<p>If it can keep this level, the New Fortress Energy price could continue to go up and reach the first and second targets of $30.05 and $31.64 respectively. However, if the NFE price cannot maintain this level and falls, then it might hit the closest support levels of $26.28 and $24.99.</p> 
<p>At the time of publishing, New Fortress Energy stock (NASDAQ: NFE) is trading below the 50 and 200-day simple moving averages (SMAs), which are suggesting a bearish price trend.&nbsp;</p> 
<p>However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the NFE price is expected to move downwards giving bearish views over the daily time frame chart.</p> 
<p>The current value of RSI is 40.42 points. The 14 SMA is above the median line at 48.07 points which indicates that the New Fortress Energy stock is bearish.</p> 
<p>The MACD line at -0.1764 and the signal line at -0.0264 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for <a href="https://www.thecoinrepublic.com/2023/08/02/top-5-energy-stocks-that-will-be-valuable-investments-in-2023/" target="_blank" rel="noopener noreferrer nofollow">the NFE stock price.</a></p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>New Fortress Energy (NASDAQ: NFE) technical oscillators of the NFE stock price also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the NFE stock price. It suggests that the share price is bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $26.28 and $24.99.</li> 
 <li><strong>Resistance levels:</strong> $30.05 and $31.64.&nbsp;</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

New Fortress Energy Stock Price Prediction: What’s Next For NFE?

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