BORR DRILLING LTD (BORR) Stock Technical Analysis
NYSE:BORR • BMG1466R1732
Overall BORR gets a technical rating of 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BORR did better than 96% 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 61 other stocks in this industry. BORR outperforms 91% of them.
- BORR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BORR has a been trading in the 4.40 - 6.18 range, which is quite wide. It is currently trading near the high of this range.
- BORR has an average volume of 6016310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
3.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.70 to 5.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.40 to 5.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.04 to 6.09. 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 | 96.74 | POSITIVE | BORR has a high relative strength, it outperformed 96.74% 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) | 67.97 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 89.15 | OVERBOUGHT | The high Stochastics value suggests BORR may be overbought. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for BORR suggests high volalility. |
| Average Directional Index/ADX (14) | 53.68 | POSITIVE | The high ADX value value for BORR suggests a strong trend. |
6.03
-0.05 (-0.82%)
BORR DRILLING LTD / BORR 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 stock?
BORR DRILLING LTD (BORR) has an RSI value of 67.9721. This indicates that the stock is currently neutral.
What is the short term momentum for BORR stock?
The short term momentum for BORR DRILLING LTD (BORR) is positive.
What are the support and resistance levels for BORR DRILLING LTD (BORR) stock?
BORR DRILLING LTD (BORR) has a support level at 5.79 and a resistance level at 6.04. Check the full technical report for our detailed analysis of BORR support and resistance levels.