BLACKROCK ENRGY & RES TR (BGR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BGR - US09250U1016
We assign a technical rating of 3 out of 10 to BGR. 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.
The technical rating of BGR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.87
2 important support areas can be observed.
- A support zone ranging from 12.97 to 13.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.41 to 13.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for BGR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGR is down. |
| ChartMill Relative Strength | 46.31 | NEUTRAL | BGR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BGR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BGR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.76 | NEUTRAL | The RSI value for BGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BGR has a negative trend. |
| Stochastics (14,3) | 19.43 | OVERSOLD | The low Stochastics value suggests BGR may be oversold. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for BGR suggests low volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for BGR suggests a weak or negative trend. |
13.3999
+0.04 (+0.3%)
BLACKROCK ENRGY & RES TR / BGR FAQ
What is the technical rating for BGR stock?
ChartMill assigns a technical rating of 3 / 10 to BGR.
Can you provide the trend direction for BLACKROCK ENRGY & RES TR?
The current trend direction for BLACKROCK ENRGY & RES TR (BGR) is Bullish.
Can you provide the RSI signal for BLACKROCK ENRGY & RES TR?
BLACKROCK ENRGY & RES TR (BGR) has an RSI value of 44.7574. 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 negative.
Can you provide the support and resistance levels for BLACKROCK ENRGY & RES TR?
BLACKROCK ENRGY & RES TR (BGR) has a support level at 13.3 and a resistance level at 13.37. Check the full technical report for our detailed analysis of BGR support and resistance levels.