BORR DRILLING LTD (BORR) Stock Technical Analysis
USA - NYSE:BORR - BMG1466R1732 - Common Stock
We assign a technical rating of 9 out of 10 to BORR. 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.
BORR has an excellent technical rating, but the quality of the setup is only medium 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
2.23
We found 4 important support areas.
- Support @3.00 from a horizontal line in the daily time frame.
- Support @2.66 from a trend line in the daily time frame.
- Support @2.60 from a trend line in the weekly time frame.
- Support @2.25 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.22 to 3.22. This zone is formed by a combination of multiple trend lines 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 | 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 | 80.06 | POSITIVE | BORR has a high relative strength, it outperformed 80.06% 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) | DOWN | MIXED | The current price of BORR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.32 | NEUTRAL | The RSI value for BORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BORR has a positive trend. |
| Stochastics (14,3) | 69.44 | NEUTRAL | The Stochastics value for BORR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for BORR suggests high volalility. |
| Average Directional Index/ADX (14) | 24.44 | NEUTRAL | The ADX value for BORR suggests a possible start of a new trend. |
3.21
+0.18 (+5.94%)
BORR DRILLING LTD / BORR FAQ
What is the technical rating for BORR stock?
ChartMill assigns a technical rating of 9 / 10 to BORR.
What is the current trend direction of BORR DRILLING LTD (BORR) stock?
The current trend direction for BORR DRILLING LTD (BORR) is Bullish.
What is the RSI signal for BORR stock?
BORR DRILLING LTD (BORR) has an RSI value of 60.3239. This indicates that the stock is currently neutral.
What is the MACD signal for BORR stock?
The MACD indicator for BORR DRILLING LTD (BORR) has a value of 0.0262907, indicating a bearish trend.
Can you provide the buy/sell signal for BORR DRILLING LTD?
The buy/sell signal for BORR DRILLING LTD (BORR) is buy as both the short term and long term trends are positive.