BORR DRILLING LTD (BORR) Technical Analysis
NYSE:BORR • BMG1466R1732
Current stock price
BORR Technical Rating and Analysis
Taking everything into account, BORR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BORR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BORR did better than 97% of all other stocks. We also observe that the gains produced by BORR over the past year are nicely spread over this period.
- BORR is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry. BORR outperforms 93% of them.
- BORR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BORR is leading the market.
- In the last month BORR has a been trading in the 4.64 - 6.20 range, which is quite wide. It is currently trading near the high of this range.
- BORR has an average volume of 7863710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BORR Weekly and Daily overview Charts
BORR Setup Rating and Analysis
Although BORR 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.
More info and screens
BORR Support and Resistance Analysis
3.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.75 to 5.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.89 from a trend line in the daily time frame.
- Support @3.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.09 to 6.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
BORR 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 BORR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BORR is up. |
| ChartMill Relative Strength | 97.41 | POSITIVE | BORR has a high relative strength, it outperformed 97.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BORR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BORR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BORR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.94 | NEUTRAL | The RSI value for BORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BORR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.13 | NEUTRAL | The Stochastics value for BORR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for BORR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for BORR suggests a strong trend. |
BORR Chart- and CandleStick Pattern Analysis
BORR Technicals: Chart, Performance Metrics, Trend & Indicators
5.83
+0.07 (+1.22%)
BORR DRILLING LTD / BORR TA FAQ
What is the technical rating for BORR stock?
ChartMill assigns a technical rating of 10 / 10 to BORR.
What is the trend direction for BORR stock?
The current trend direction for BORR DRILLING LTD (BORR) is Bullish.
What is the RSI signal for BORR DRILLING LTD (BORR) stock?
BORR DRILLING LTD (BORR) has an RSI value of 58.937. This indicates that the stock is currently neutral.
What is the MACD signal for BORR DRILLING LTD (BORR) stock?
The MACD indicator for BORR DRILLING LTD (BORR) has a value of 0.0663862, indicating a bearish trend.
What is the short term momentum for BORR DRILLING LTD (BORR) stock?
The short term momentum for BORR DRILLING LTD (BORR) is positive.