BORREGAARD ASA (BRG.OL) Stock Technical Analysis
OSL:BRG - Euronext Oslo - NO0010657505 - Common Stock - Currency: NOK
We assign a technical rating of 8 out of 10 to BRG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BRG is only an average performer.
The long and short term trends are both positive. This is looking good!
BRG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, BRG turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
BRG is part of the Chemicals industry. There are 66 other stocks in this industry, BRG did better than 61% of them.
BRG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRG is lagging the market slightly.
Besides having an excellent technical rating, BRG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 186.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BRG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
158.20
210.60
2 important support areas can be observed.
- A support zone ranging from 185.76 to 186.84. 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 159.80 to 163.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @188.03 from a trend line in the daily time frame.
- A resistance zone ranging from 196.97 to 200.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 205.50 to 208.51. 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 BRG.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRG.OL is up. |
| ChartMill Relative Strength | 41.55 | NEUTRAL | BRG.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRG.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRG.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BRG.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.62 | NEUTRAL | The RSI value for BRG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BRG.OL has a negative trend. |
| Stochastics (14,3) | 74.39 | NEUTRAL | The Stochastics value for BRG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for BRG.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 26.74 | POSITIVE | The high ADX value value for BRG.OL 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 188.04 | 185.75 | 2.29 (1.22%) | 25.00% |
| An entry @188.04. This is a Buy Stop order right above the resistance zone. | An exit @185.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.29 points, which is 1.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- The distance between exit and entry is rather small compared to the average daily movement of BRG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:BRG (5/30/2025, 7:00:00 PM)
187.4
-1 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.53%
1 Week1.96%
2 Weeks0.11%
1 Month5.16%
3 Month0.64%
6 Month2.51%
12 Month-2.49%
2 Year1.63%
3 Year1.63%
5 Year77.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.3
ATR(20)%1.83%
ATR Inc-31.78%
Range Today3.4
ADR(20)3.27
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.55
Mansfield-0.27
10 Day High189.8
10 Day Low182.6
20 Day High189.8
20 Day Low174
52 Week High209.5
52 Week Low151.4
CS1 End186.84
CR1 Start188.03
Volume & EV
DER(3)4.47%
DER(5)3.68%
Volume61.18K
Volume Incr-34.42%
Vol(5)48.25K
Vol(50)68.22K