BROOGE ENERGY LTD (BROG) Stock Technical Analysis
USA - NASDAQ:BROG - KYG1611B1077 - Common Stock
Taking everything into account, BROG scores 10 out of 10 in our technical rating. 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.
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.
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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.
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. |
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+0.3 (+13.04%)
BROOGE ENERGY LTD / BROG 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 trend direction for BROG stock?
The current trend direction for BROOGE ENERGY LTD (BROG) is Bullish.
Can you provide the RSI signal for BROOGE ENERGY LTD?
BROOGE ENERGY LTD (BROG) has an RSI value of 56.0975. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BROOGE ENERGY LTD?
The MACD indicator for BROOGE ENERGY LTD (BROG) has a value of -0.00108293, indicating a bearish trend.
Can you provide the buy/sell signal for BROOGE ENERGY LTD?
The buy/sell signal for BROOGE ENERGY LTD (BROG) is buy as both the short term and long term trends are positive.