BORR DRILLING LTD (BORR) Stock Technical Analysis
USA - NYSE:BORR - BMG1466R1732 - Common Stock
3.04 USD
+0.03 (+1%)
3.04 USD
0 (0%)
Taking everything into account, BORR scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BORR is a bad performer.
When comparing the yearly performance of all stocks, BORR is a bad performer in the overall market: 68% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month BORR has a been trading in the 2.27 - 3.18 range, which is quite wide. It is currently trading near the high of this range.
BORR has an average volume of 4691620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BORR is an average performer in the Energy Equipment & Services industry, it outperforms 60% of 61 stocks in the same industry.
BORR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BORR is lagging the market.
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
1.81
3.13
4 important support areas can be observed.
- A support zone ranging from 2.98 to 3.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.05 from a trend line in the daily time frame.
- Support @1.93 from a trend line in the daily time frame.
- Support @1.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.05 to 3.10. 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 | 32.96 | NEUTRAL | BORR is not amongst the best or worst performers 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) | 65.13 | NEUTRAL | The RSI value for BORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BORR has a negative trend. |
| Stochastics (14,3) | 73.68 | NEUTRAL | The Stochastics value for BORR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for BORR suggests high volalility. |
| Average Directional Index/ADX (14) | 42.17 | 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)
3.04
+0.03 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1%
1 Week1.18%
2 Weeks4.47%
1 Month31.6%
3 Month46.15%
6 Month30.47%
12 Month-45.91%
2 Year-57.18%
3 Year-8.43%
5 Year176.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%5.25%
ATR Inc-30.43%
Range Today0.1
ADR(20)0.16
ADR(20)%5.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.96
Mansfield-0.76
10 Day High3.18
10 Day Low2.71
20 Day High3.18
20 Day Low2.28
52 Week High5.81
52 Week Low1.55
CS1 End3
CR1 Start3.05
Volume & EV
DER(3)1.41%
DER(5)-0.13%
Volume2.49M
Volume Incr-40.9%
Vol(5)3.18M
Vol(50)4.69M