BENGAL ENERGY LTD (BNG.CA) Technical Analysis
TSX:BNG • CA08184N1006
We assign a technical rating of 10 out of 10 to BNG. Both in the recent history as in the last year, BNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BNG did better than 89% of all other stocks. We also observe that the gains produced by BNG over the past year are nicely spread over this period.
- BNG is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. BNG outperforms 92% of them.
- A new 52 week high is currently being made by BNG, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so BNG is leading the market.
- In the last month BNG has a been trading in the 0.01 - 0.03 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
BNG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BNG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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We found 2 important support areas.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @0.03 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for BNG.CA is up. |
| ChartMill Relative Strength | 89.07 | POSITIVE | BNG.CA has a high relative strength, it outperformed 89.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNG.CA is above the rising 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) | 56.63 | NEUTRAL | The RSI value for BNG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BNG.CA has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests BNG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 15 | HIGH VOLATILITY | The high ATR as a percentage value for BNG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.92 | POSITIVE | The high ADX value value for BNG.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 0.04 | 0.01 | 0.03 (75.00%) | 1.33% |
| An entry @0.04. This is a Buy Stop order right above the resistance zone. | An exit @0.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 75.00%. | For a 1.00% total portfolio risk, you can invest 1.33% 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.
BNG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BNG (3/5/2026, 7:00:00 PM)
0.025
0 (0%)
BENGAL ENERGY LTD / BNG.CA FAQ
What is the ChartMill technical rating of BENGAL ENERGY LTD (BNG.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to BNG.CA.
What is the trend direction for BNG stock?
The current trend direction for BENGAL ENERGY LTD (BNG.CA) is Bullish.
Can you provide the RSI signal for BENGAL ENERGY LTD?
BENGAL ENERGY LTD (BNG.CA) has an RSI value of 56.6253. This indicates that the stock is currently neutral.
What is the short term momentum for BNG stock?
The short term momentum for BENGAL ENERGY LTD (BNG.CA) is positive.
What are the support and resistance levels for BENGAL ENERGY LTD (BNG.CA) stock?
BENGAL ENERGY LTD (BNG.CA) has a support level at 0.02 and a resistance level at 0.03. Check the full technical report for our detailed analysis of BNG.CA support and resistance levels.