BOGO Technical Analysis - BOREALIS MINING CO LTD

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to BOGO. Although BOGO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

BOGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BOGO is lagging the market slightly.

In the last month BOGO has a been trading in the 0.73 - 1.03 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, BOGO did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

BOGO is part of the Metals & Mining industry. There are 808 other stocks in this industry, BOGO did better than 52% of them.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BOREALIS MINING CO LTD / BOGO Weekly stock chart

BOREALIS MINING CO LTD / BOGO Daily stock chart

Setup Rating and Analysis

Although BOGO has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.59

1.01

4 important support areas can be observed.

A support zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 0.79 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.74 from a trend line in the daily time frame.
Support @0.60 from a horizontal line in the daily time frame.

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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 BOGO.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BOGO.CA is up.
ChartMill Relative Strength	78.6	POSITIVE	BOGO.CA has a high relative strength, it outperformed 78.6% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BOGO.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BOGO.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BOGO.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	73.96	OVERBOUGHT	The high RSI value suggests BOGO.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests BOGO.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	81.67	OVERBOUGHT	The high Stochastics value suggests BOGO.CA may be overbought.
Average True Range in percent/ATR (20)	6.4	HIGH VOLATILITY	The high ATR as a percentage value for BOGO.CA suggests high volalility.
Average Directional Index/ADX (14)	37	POSITIVE	The high ADX value value for BOGO.CA suggests a strong trend.