BLACKROCK ENRGY & RES TR (BGR) Technical Analysis
NYSE:BGR • US09250U1016
Overall BGR gets a technical rating of 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BGR is one of the better performing stocks in the market, outperforming 84% of all stocks.
- BGR is currently making a new 52 week high. This is a strong signal. 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.
- In the last month BGR has a been trading in the 14.68 - 16.58 range, which is quite wide. It is currently trading near the high of this range.
Although BGR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.97
We found 5 important support areas.
- A support zone ranging from 15.55 to 15.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.90 to 15.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.45 from a horizontal line in the daily time frame.
- A support zone ranging from 13.76 to 13.83. 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.
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 | 84.23 | POSITIVE | BGR has a high relative strength, it outperformed 84.23% 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) | 70.49 | OVERBOUGHT | The high RSI value suggests BGR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BGR has a positive trend. |
| Stochastics (14,3) | 77.44 | NEUTRAL | The Stochastics value for BGR is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for BGR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.64 | POSITIVE | The high ADX value value for BGR suggests a strong trend. |
BGR Technicals: Chart, Performance Metrics, Trend & Indicators
16.43
+0.25 (+1.55%)
BLACKROCK ENRGY & RES TR / BGR FAQ
What is the technical rating for BGR stock?
ChartMill assigns a technical rating of 10 / 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 70.4933. This indicates that the stock is currently overbought.
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.