BENGAL ENERGY LTD (BNG.CA) Stock Technical Analysis
TSX:BNG - Toronto Stock Exchange - CA08184N1006 - Common Stock - Currency: CAD
We assign a technical rating of 2 out of 10 to BNG. BNG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, BNG is a bad performer in the overall market: 98% of all stocks are doing better.
BNG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 214 stocks in the same industry do better.
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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
The technical rating of BNG 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
0.01
0.01
When analyzing the support we notice one important area.
- Support @0.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance 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.
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 | 2.51 | NEGATIVE | BNG.CA has a low relative strength, it was outperformed by 97.49% 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) | DOWN | NEGATIVE | The current price of BNG.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.21 | 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) | 66.67 | NEUTRAL | The Stochastics value for BNG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 25 | HIGH VOLATILITY | The high ATR as a percentage value for BNG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for BNG.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:BNG (8/1/2025, 7:00:00 PM)
0.01
0 (-33.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-33.33%
1 Week-33.33%
2 Weeks-33.33%
1 Month-33.33%
3 Month-33.33%
6 Month0%
12 Month-60%
2 Year-77.78%
3 Year-88.24%
5 Year-81.82%
10 Year-95.83%
15 Year-98.96%
Volatility
ATR(14)0
ATR(20)%25%
ATR Inc-12.5%
Range Today0
ADR(20)0
ADR(20)%17.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.51
Mansfield-3.32
10 Day High0.02
10 Day Low0.01
20 Day High0.02
20 Day Low0.01
52 Week High0.03
52 Week Low0.01
CS1 End0.01
CR1 Start0.01
Volume & EV
DER(3)11.01%
DER(5)16.92%
Volume4.00K
Volume Incr-33.42%
Vol(5)24.71K
Vol(50)48.42K