BLACKROCK ENRGY & RES TR (BGR) Technical Analysis
NYSE:BGR • US09250U1016
Current stock price
BGR Technical Rating and Analysis
Overall BGR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BGR is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- BGR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BGR is leading the market.
- BGR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that BGR is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BGR Weekly and Daily overview Charts
BGR Setup Rating and Analysis
Besides having an excellent technical rating, BGR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.09, a Stop Loss order could be placed below this zone.
More info and screens
BGR Support and Resistance Analysis
12.97
4 important support areas can be observed.
- A support zone ranging from 15.83 to 16.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.45 from a horizontal line in the daily time frame.
- A support zone ranging from 13.80 to 13.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.10 to 13.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.40 to 16.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
BGR Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BGR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGR is up. |
| ChartMill Relative Strength | 83.77 | POSITIVE | BGR has a high relative strength, it outperformed 83.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.21 | NEUTRAL | The RSI value for BGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BGR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.72 | OVERBOUGHT | The high Stochastics value suggests BGR may be overbought. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for BGR suggests low volalility. |
| Average Directional Index/ADX (14) | 30.65 | POSITIVE | The high ADX value value for BGR suggests a strong trend. |
BGR Chart- and CandleStick Pattern Analysis
BGR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.44 | 15.82 | 0.62 (3.77%) | 25.00% |
| An entry @16.44. This is a Buy Stop order right above the resistance zone. | An exit @15.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.62 points, which is 3.77%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BGR Technicals: Chart, Performance Metrics, Trend & Indicators
16.39
-0.04 (-0.24%)
BLACKROCK ENRGY & RES TR / BGR TA FAQ
What is the technical rating for BGR stock?
ChartMill assigns a technical rating of 9 / 10 to BGR.
What is the current trend direction of BLACKROCK ENRGY & RES TR (BGR) stock?
The current trend direction for BLACKROCK ENRGY & RES TR (BGR) is Bullish.
What is the RSI signal for BLACKROCK ENRGY & RES TR (BGR) stock?
BLACKROCK ENRGY & RES TR (BGR) has an RSI value of 67.2062. This indicates that the stock is currently neutral.
What is the short term momentum for BGR stock?
The short term momentum for BLACKROCK ENRGY & RES TR (BGR) is positive.
What is the buy/sell signal for BLACKROCK ENRGY & RES TR (BGR) stock?
The buy/sell signal for BLACKROCK ENRGY & RES TR (BGR) is buy as both the short term and long term trends are positive.