BROOGE ENERGY LTD (BROG) Stock Technical Analysis
NASDAQ:BROG - Nasdaq - KYG1611B1077 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to BROG. In the past year, BROG was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Warning: BROG has an average volume of 13452 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BROG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 213 stocks in the same industry.
In the last month BROG has a been trading in the 1.13 - 1.31 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, we notice that BROG is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BROG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
BROG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.27, a Stop Loss order could be placed below this zone.
More info and screens
1.00
1.32
We found 5 important support areas.
- A support zone ranging from 1.23 to 1.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.19 to 1.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.11 from a trend line in the weekly time frame.
- Support @1.09 from a horizontal line in the daily time frame.
- Support @1.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.29 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.39
Mansfield0.39
10 Day High1.31
10 Day Low1.15
20 Day High1.31
20 Day Low1.13
52 Week High2.14
52 Week Low0.8
Performance
1 Week1.67%
2 Weeks4.49%
1 Month9.4%
3 Month24.27%
6 Month-20.5%
12 Month24.88%
2 Year-73.88%
3 Year-82.93%
5 Year-88.35%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)55.49
LBB1.2
UBB1.3
1.28
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week1.67%
2 Weeks4.49%
1 Month9.4%
3 Month24.27%
6 Month-20.5%
12 Month24.88%
2 Year-73.88%
3 Year-82.93%
5 Year-88.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.24%
ATR Inc-39.27%
Range Today0.05
ADR(20)0.06
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.39
Mansfield0.39
10 Day High1.31
10 Day Low1.15
20 Day High1.31
20 Day Low1.13
52 Week High2.14
52 Week Low0.8
CS1 End1.27
CR1 Start1.29
Volume & EV
DER(3)-13.38%
DER(5)-3.45%
Volume2.30K
Volume Incr-20.99%
Vol(5)6.08K
Vol(50)13.45K