BRENMILLER ENERGY LTD (BNRG) Stock Technical Analysis
NASDAQ:BNRG - Nasdaq - IL0012008152 - Common Stock - Currency: USD
Overall BNRG gets a technical rating of 1 out of 10. BNRG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BNRG is a bad performer in the overall market: 98% of all stocks are doing better.
BNRG is one of the lesser performing stocks in the Electrical Equipment industry. 89% of 94 stocks in the same industry do better.
BNRG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
BNRG has an average volume of 1040550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BNRG has a been trading in the 1.78 - 3.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BNRG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.23, a Stop Loss order could be placed below this zone.
More info and screens
2.20
4.29
We found 1 important support area.
- A support zone ranging from 2.22 to 2.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.62 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.25 from a trend 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 | DOWN | NEGATIVE | The long term trend for BNRG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNRG is down. |
| ChartMill Relative Strength | 2.72 | NEGATIVE | BNRG has a low relative strength, it was outperformed by 97.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BNRG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNRG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNRG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.23 | NEUTRAL | The RSI value for BNRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BNRG has a positive trend. |
| Stochastics (14,3) | 40.76 | NEUTRAL | The Stochastics value for BNRG is a neutral value. |
| Average True Range in percent/ATR (20) | 15.68 | HIGH VOLATILITY | The high ATR as a percentage value for BNRG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.35 | NEUTRAL | The ADX value for BNRG suggests a possible start of a new 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)
2.58
+0.1 (+4.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg4.03%
1 Week15.18%
2 Weeks-10.37%
1 Month2.42%
3 Month-57%
6 Month-68.92%
12 Month-45.11%
2 Year-94.07%
3 Year-98.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%15.68%
ATR Inc-48.62%
Range Today0.14
ADR(20)0.38
ADR(20)%14.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.72
Mansfield-5.25
10 Day High2.92
10 Day Low1.78
20 Day High3.95
20 Day Low1.78
52 Week High15.3
52 Week Low1.78
CS1 End2.23
CR1 Start4.37
Volume & EV
DER(3)2.83%
DER(5)2.34%
Volume43.68K
Volume Incr-92.3%
Vol(5)87.45K
Vol(50)1.04M