BOR Technical Analysis - BORGESTAD ASA

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to BOR. BOR has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

Warning: BOR has an average volume of 12011 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the performance of all stocks over the past year, BOR turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.

BOR is an average performer in the Construction Materials industry, it outperforms 58% of 13 stocks in the same industry.

BOR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BOR is lagging the market.

In the last month BOR has a been trading in the 17.40 - 20.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

BOR has an average technical rating and it also does not offer a high 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

16.13

21.21

We found 3 important support areas.

A support zone ranging from 17.72 to 18.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @17.42 from a trend line in the daily time frame.
A support zone ranging from 16.29 to 16.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 20.70 to 21.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for BOR.OL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BOR.OL is neutral.
ChartMill Relative Strength	68.06	NEUTRAL	BOR.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BOR.OL is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BOR.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BOR.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.46	NEUTRAL	The RSI value for BOR.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests BOR.OL has a positive trend.
Stochastics (14,3)	69.56	NEUTRAL	The Stochastics value for BOR.OL is a neutral value.
Average True Range in percent/ATR (20)	3.75	MEDIUM VOLATILITY	The ATR as a percentage value for BOR.OL suggests some volalility.
Average Directional Index/ADX (14)	26.95	POSITIVE	The high ADX value value for BOR.OL suggests a strong trend.