BWA Technical Analysis - BORGWARNER INC

Technical Rating and Analysis

Overall BWA gets a technical rating of 5 out of 10. In the last year, BWA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month BWA has a been trading in the 41.31 - 44.97 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

BWA is part of the Automobile Components industry. There are 81 other stocks in this industry. BWA outperforms 73% of them.

BWA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BWA is lagging the market slightly.

BWA has an average volume of 2339000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the yearly performance of all stocks, we notice that BWA is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BWA has an average technical rating and it also does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

36.69

45.20

2 important support areas can be observed.

A support zone ranging from 40.82 to 41.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @37.06 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 41.63 to 41.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 44.43 to 44.75. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 BWA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BWA is down.
ChartMill Relative Strength	78.75	POSITIVE	BWA has a high relative strength, it outperformed 78.75% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BWA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BWA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BWA is above the rising SMA(200).
Relative Strength Index/RSI (14)	38.84	NEUTRAL	The RSI value for BWA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.37	NEGATIVE	The MACD value suggests BWA has a negative trend.
Stochastics (14,3)	19.97	OVERSOLD	The low Stochastics value suggests BWA may be oversold.
Average True Range in percent/ATR (20)	2.02	MEDIUM VOLATILITY	The ATR as a percentage value for BWA suggests some volalility.
Average Directional Index/ADX (14)	32.45	POSITIVE	The high ADX value value for BWA suggests a strong trend.