BROOGE ENERGY LTD (BROG) Technical Analysis
NASDAQ:BROG • KYG1611B1077
Current stock price
BROG Technical Rating and Analysis
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. We also observe that the gains produced by BROG over the past year are nicely spread over this period.
- BROG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 209 stocks in the same industry.
- BROG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BROG is lagging the market.
- 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 Weekly and Daily overview Charts
BROG Setup Rating and Analysis
Although BROG has an excellent technical rating, the quality of the presented setup is not ideal 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
BROG Support and Resistance Analysis
1.00
When analyzing the support we can see 4 important areas.
- 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.
BROG Technical Indicator Signal Analysis
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 | 98.35 | POSITIVE | BROG has a high relative strength, it outperformed 98.35% 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. |
BROG Chart- and CandleStick Pattern Analysis
BROG Technicals: Chart, Performance Metrics, Trend & Indicators
2.6
+0.3 (+13.04%)
BROOGE ENERGY LTD / BROG TA FAQ
Can you provide the ChartMill technical rating for BROOGE ENERGY LTD?
ChartMill assigns a technical rating of 10 / 10 to BROG.
What is the current trend direction of BROOGE ENERGY LTD (BROG) stock?
The current trend direction for BROOGE ENERGY LTD (BROG) is Bullish.
What is the RSI signal for BROG stock?
BROOGE ENERGY LTD (BROG) has an RSI value of 56.0975. This indicates that the stock is currently neutral.
What is the MACD signal for BROOGE ENERGY LTD (BROG) stock?
The MACD indicator for BROOGE ENERGY LTD (BROG) has a value of -0.00108293, indicating a bearish trend.
Can you provide the short term momentum for BROOGE ENERGY LTD?
The short term momentum for BROOGE ENERGY LTD (BROG) is positive.