BLACKROCK ENRGY & RES TR (BGR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BGR - US09250U1016
Overall BGR gets a technical rating of 4 out of 10. BGR has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, BGR does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 14.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.64, a Stop Loss order could be placed below this zone.
More info and screens
12.84
We found 1 important support area.
- A support zone ranging from 12.97 to 13.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.03 to 14.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for BGR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BGR is neutral. |
| ChartMill Relative Strength | 48.74 | NEUTRAL | BGR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BGR is above a declining 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) | 54.76 | NEUTRAL | The RSI value for BGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BGR has a positive trend. |
| Stochastics (14,3) | 38.58 | NEUTRAL | The Stochastics value for BGR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for BGR suggests low volalility. |
| Average Directional Index/ADX (14) | 15.54 | NEGATIVE | The low ADX value for BGR suggests a weak or negative trend. |
13.76
+0.11 (+0.81%)
BLACKROCK ENRGY & RES TR / BGR FAQ
What is the technical rating for BGR stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for BLACKROCK ENRGY & RES TR (BGR) stock?
BLACKROCK ENRGY & RES TR (BGR) has an RSI value of 54.7635. 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 neutral.