BENGAL ENERGY LTD (BNG.CA) Technical Analysis
TSX:BNG • CA08184N1006
Current stock price
BNG.CA Technical Rating and Analysis
Overall BNG gets a technical rating of 9 out of 10. In the last year, BNG was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month BNG has a been trading in the 0.04 - 0.07 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, BNG did better than 92% of all other stocks. On top of that, BNG also shows a nice and consistent pattern of rising prices.
- BNG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 86% of 208 stocks in the same industry.
- BNG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNG is lagging the market.
- Considerably lower volume is observed in the last couple of days.
BNG.CA Weekly and Daily overview Charts
BNG.CA Setup Rating and Analysis
BNG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.04. Right above this resistance zone may be a good entry point.
More info and screens
BNG.CA Support and Resistance Analysis
0.01
We found 2 important support areas.
- Support @0.02 from a trend line in the daily time frame.
- Support @0.01 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
BNG.CA 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 BNG.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNG.CA is neutral. |
| ChartMill Relative Strength | 92.07 | POSITIVE | BNG.CA has a high relative strength, it outperformed 92.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.05 | NEUTRAL | The RSI value for BNG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BNG.CA has a negative trend. |
| Stochastics (14,3) | 11.11 | OVERSOLD | The low Stochastics value suggests BNG.CA may be oversold. |
| Average True Range in percent/ATR (20) | 28.57 | HIGH VOLATILITY | The high ATR as a percentage value for BNG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 35.22 | POSITIVE | The high ADX value value for BNG.CA suggests a strong trend. |
BNG.CA Chart- and CandleStick Pattern Analysis
BNG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BNG (5/1/2026, 7:00:00 PM)
0.035
0 (-12.5%)
BENGAL ENERGY LTD / BNG.CA TA FAQ
What is the ChartMill technical rating of BENGAL ENERGY LTD (BNG.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to BNG.CA.
What is the trend direction for BNG stock?
The current trend direction for BENGAL ENERGY LTD (BNG.CA) is Bullish.
What is the RSI signal for BENGAL ENERGY LTD (BNG.CA) stock?
BENGAL ENERGY LTD (BNG.CA) has an RSI value of 47.0469. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BENGAL ENERGY LTD?
The MACD indicator for BENGAL ENERGY LTD (BNG.CA) has a value of -0.00160451, indicating a bearish trend.