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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BROG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
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 part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. BROG outperforms 99% of them.
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.
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
1.00
2.94
We found 4 important support 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.
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. |
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
CRS98.35
Mansfield8.09
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