BORGWARNER INC (BWA) Stock Technical Analysis
USA - NYSE:BWA - US0997241064 - Common Stock
We assign a technical rating of 9 out of 10 to BWA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BWA is showing a nice and steady performance.
BWA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 43.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.54, a Stop Loss order could be placed below this zone.
More info and screens
35.73
3 important support areas can be observed.
- A support zone ranging from 42.65 to 43.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.68 from a trend line in the daily time frame.
- Support @36.09 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.76 to 44.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for BWA is up. |
| ChartMill Relative Strength | 85.76 | POSITIVE | BWA has a high relative strength, it outperformed 85.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWA is above 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) | 60.83 | NEUTRAL | The RSI value for BWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BWA has a negative trend. |
| Stochastics (14,3) | 68.88 | NEUTRAL | The Stochastics value for BWA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for BWA suggests low volalility. |
| Average Directional Index/ADX (14) | 46.55 | POSITIVE | The high ADX value value for BWA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.45 | 42.72 | 1.73 (3.89%) | 25.00% |
| An entry @44.45. This is a Buy Stop order right above the resistance zone. | An exit @42.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.73 points, which is 3.89%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
43.55
-0.32 (-0.73%)