BROOGE ENERGY LTD (BROG) Stock Technical Analysis
NASDAQ:BROG - Nasdaq - KYG1611B1077 - Common Stock - Currency: USD
Overall BROG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BROG 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, BROG did better than 98% of all other stocks. On top of that, BROG also shows a nice and consistent pattern of rising prices.
BROG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 213 stocks in the same industry.
BROG 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 BROG is lagging the market slightly.
In the last month BROG has a been trading in the 1.41 - 4.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BROG 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
1.00
2.94
4 important support areas can be observed.
- Support @2.29 from a horizontal line in the daily time frame.
- Support @1.57 from a trend line in the daily time frame.
- A support zone ranging from 1.36 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.67 from a horizontal line in the weekly time frame.
- Resistance @2.91 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 | UP | POSITIVE | The long term trend for BROG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BROG is up. |
| ChartMill Relative Strength | 98.49 | POSITIVE | BROG has a high relative strength, it outperformed 98.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BROG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BROG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BROG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.1 | NEUTRAL | The RSI value for BROG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BROG has a negative trend. |
| Stochastics (14,3) | 57.93 | NEUTRAL | The Stochastics value for BROG is a neutral value. |
| Average True Range in percent/ATR (20) | 21.94 | HIGH VOLATILITY | The high ATR as a percentage value for BROG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.83 | POSITIVE | The high ADX value value for BROG 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)
2.6
+0.3 (+13.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg13.04%
1 Week-2.62%
2 Weeks45.25%
1 Month66.67%
3 Month106.35%
6 Month88.41%
12 Month181.72%
2 Year-45.95%
3 Year-65.33%
5 Year-69.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%21.94%
ATR Inc-31.17%
Range Today0.31
ADR(20)0.44
ADR(20)%16.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.49
Mansfield8.11
10 Day High2.96
10 Day Low1.71
20 Day High4.78
20 Day Low1.41
52 Week High4.78
52 Week Low0.81
CS1 End2.29
CR1 Start2.67
Volume & EV
DER(3)2.74%
DER(5)-1.32%
Volume403.50K
Volume Incr-83.87%
Vol(5)243.34K
Vol(50)630.98K