BENGAL ENERGY LTD (BNG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BNG - CA08184N1006 - Common Stock
Taking everything into account, BNG scores 6 out of 10 in our technical rating. In the last year, BNG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- When comparing the yearly performance of all stocks, we notice that BNG is one of the better performing stocks in the market, outperforming 78% of all stocks.
- BNG is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. BNG outperforms 88% of them.
- In the last month BNG has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- Volume is considerably higher in the last couple of days.
BNG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.01, 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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When analyzing the support we notice one important area.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Strong resistance @0.01 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 | NEUTRAL | NEUTRAL | The long term trend for BNG.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNG.CA is neutral. |
| ChartMill Relative Strength | 78.86 | POSITIVE | BNG.CA has a high relative strength, it outperformed 78.86% 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) | 57.41 | 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) | 100 | OVERBOUGHT | The high Stochastics value suggests BNG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 20 | HIGH VOLATILITY | The high ATR as a percentage value for BNG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.93 | NEGATIVE | The low ADX value for BNG.CA suggests a weak or negative 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 |
|---|---|---|---|
| 0.02 | 0.00 | 0.02 (100.00%) | 1.00% |
| An entry @0.02. This is a Buy Stop order right above the resistance zone. | An exit @0.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.02 points, which is 100.00%. | For a 1.00% total portfolio risk, you can invest 1.00% 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.
TSX:BNG (1/16/2026, 7:00:00 PM)
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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 6 / 10 to BNG.CA.
What is the trend direction for BNG stock?
The current trend direction for BENGAL ENERGY LTD (BNG.CA) is Bearish.
Can you provide the RSI signal for BENGAL ENERGY LTD?
BENGAL ENERGY LTD (BNG.CA) has an RSI value of 57.4111. 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 neutral.
What are the support and resistance levels for BENGAL ENERGY LTD (BNG.CA) stock?
BENGAL ENERGY LTD (BNG.CA) has a support level at 0.01 and a resistance level at 0.01. Check the full technical report for our detailed analysis of BNG.CA support and resistance levels.