BORREGAARD ASA (BRG.OL) Stock Technical Analysis
OSL:BRG - Euronext Oslo - NO0010657505 - Common Stock - Currency: NOK
We assign a technical rating of 7 out of 10 to BRG. BRG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
In the last month BRG has a been trading in the 182.60 - 194.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, BRG outperforms 49% of them, which is more or less in line with the market.
BRG is an average performer in the Chemicals industry, it outperforms 61% of 69 stocks in the same industry.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 189.30, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
4 important support areas can be observed.
- A support zone ranging from 187.91 to 189.30. 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 183.99 to 184.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 162.59 to 164.36. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @159.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @195.92 from a trend line in the daily time frame.
- Resistance @200.00 from a horizontal line in the weekly time frame.
- 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 | 49.53 | 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) | 57.55 | NEUTRAL | The RSI value for BRG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests BRG.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.91 | NEUTRAL | The Stochastics value for BRG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for BRG.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for BRG.OL suggests a possible start of a new 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 |
|---|---|---|---|
| 194.01 | 187.90 | 6.11 (3.15%) | 25.00% |
| An entry @194.01. This is a Buy Stop order right above the 10 day high. | An exit @187.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.11 points, which is 3.15%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (6/20/2025, 7:00:00 PM)
189.4
+0.4 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.21%
1 Week-0.94%
2 Weeks0.42%
1 Month1.83%
3 Month9.1%
6 Month7.01%
12 Month-5.02%
2 Year19.27%
3 Year18.23%
5 Year85.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.01
ATR(20)%1.61%
ATR Inc11.59%
Range Today3
ADR(20)2.92
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.53
Mansfield-0.18
10 Day High194
10 Day Low184.6
20 Day High194
20 Day Low182.6
52 Week High209.5
52 Week Low151.4
CS1 End189.3
CR1 Start195.92
Volume & EV
DER(3)-2.67%
DER(5)-1.17%
Volume229.90K
Volume Incr59%
Vol(5)77.74K
Vol(50)68.72K