BORR DRILLING LTD (BORR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BORR - BMG1466R1732 - Common Stock
3.82 USD
+0.1 (+2.69%)
3.82 USD
0 (0%)
Overall BORR gets a technical rating of 8 out of 10. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BORR 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 BORR is lagging the market slightly.
BORR has an average volume of 5257850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BORR is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BORR is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, BORR did better than 62% of them.
In the last month BORR has a been trading in the 2.89 - 4.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BORR has an excellent technical rating, it 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
2.81
4.10
4 important support areas can be observed.
- A support zone ranging from 3.66 to 3.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.25 to 3.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.98 from a trend line in the daily time frame.
- Support @2.84 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.01 to 4.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for BORR is neutral. |
| ChartMill Relative Strength | 80.44 | POSITIVE | BORR has a high relative strength, it outperformed 80.44% 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) | 53.18 | NEUTRAL | The RSI value for BORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BORR has a negative trend. |
| Stochastics (14,3) | 45.84 | NEUTRAL | The Stochastics value for BORR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for BORR suggests high volalility. |
| Average Directional Index/ADX (14) | 41.39 | POSITIVE | The high ADX value value for BORR suggests a strong 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)
3.82
+0.1 (+2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.69%
1 Week-13.69%
2 Weeks-1.85%
1 Month18.85%
3 Month26.1%
6 Month78.85%
12 Month3.33%
2 Year-49.46%
3 Year-25.15%
5 Year128.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%6.26%
ATR Inc-4.95%
Range Today0.18
ADR(20)0.23
ADR(20)%5.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.44
3 months CRS93.25
6 months CRS94.92
Mansfield2.9
10 Day High4.48
10 Day Low3.58
20 Day High4.48
20 Day Low2.89
52 Week High4.48
52 Week Low1.55
CS1 End3.71
CR1 Start4.01
Volume & EV
DER(3)0.79%
DER(5)-3.6%
Volume5.42M
Volume Incr13.6%
Vol(5)6.01M
Vol(50)5.26M
BORR DRILLING LTD / BORR FAQ
What is the technical rating for BORR stock?
ChartMill assigns a technical rating of 8 / 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 53.1773. 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 -0.0247875, indicating a bearish trend.