BORR DRILLING LTD (BORR) Stock Technical Analysis
NYSE:BORR - BMG1466R1732 - Common Stock
2.72 USD
+0.24 (+9.68%)
2.74 USD
+0.02 (+0.74%)
We assign a technical rating of 7 out of 10 to BORR. In the last year, BORR was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BORR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BORR has a been trading in the 1.86 - 2.74 range, which is quite wide. It is currently trading near the high of this range.
BORR has an average volume of 5204940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BORR turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
BORR is an average performer in the Energy Equipment & Services industry, it outperforms 58% of 61 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
1.81
2.75
When analyzing the support we can see 2 important areas.
- Support @1.96 from a trend line in the daily time frame.
- Support @1.83 from a horizontal line in the daily time frame.
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 BORR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BORR is up. |
| ChartMill Relative Strength | 46.61 | 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) | 66.03 | 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) | 82.35 | OVERBOUGHT | The high Stochastics value suggests BORR may be overbought. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for BORR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.32 | 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)
2.72
+0.24 (+9.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg9.68%
1 Week17.75%
2 Weeks25.35%
1 Month23.08%
3 Month65.85%
6 Month-7.48%
12 Month-57.76%
2 Year-61.09%
3 Year-32.17%
5 Year53.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%6.83%
ATR Inc17.99%
Range Today0.29
ADR(20)0.18
ADR(20)%6.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.61
Mansfield-2.2
10 Day High2.74
10 Day Low2.14
20 Day High2.74
20 Day Low1.86
52 Week High6.65
52 Week Low1.55
CS1 End1.96
CR1 StartN/A
Volume & EV
DER(3)-4.63%
DER(5)-1.66%
Volume8.41M
Volume Incr-11.24%
Vol(5)4.72M
Vol(50)5.20M