BW ENERGY LTD (BWE.OL) Stock Technical Analysis
OSL:BWE - Euronext Oslo - BMG0702P1086 - Common Stock - Currency: NOK
We assign a technical rating of 8 out of 10 to BWE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BWE is only an average performer.
Besides having an excellent technical rating, BWE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 33.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.74, a Stop Loss order could be placed below this zone.
More info and screens
24.80
We found 5 important support areas.
- A support zone ranging from 31.04 to 31.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.45 to 29.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.61 from a trend line in the weekly time frame.
- Support @26.32 from a trend line in the daily time frame.
- Support @25.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 33.71 to 33.71. This zone is formed by a combination of multiple trend lines 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 BWE.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWE.OL is up. |
| ChartMill Relative Strength | 67.88 | NEUTRAL | BWE.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWE.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWE.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BWE.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.43 | NEUTRAL | The RSI value for BWE.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BWE.OL has a negative trend. |
| Stochastics (14,3) | 57.34 | NEUTRAL | The Stochastics value for BWE.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BWE.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.57 | NEGATIVE | The low ADX value for BWE.OL suggests a weak or negative 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 |
|---|---|---|---|
| 32.26 | 31.03 | 1.23 (3.81%) | 25.00% |
| An entry @32.26. This is a Buy Stop order right above the 10 day moving average. | An exit @31.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.23 points, which is 3.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The distance between exit and entry is rather small compared to the average daily movement of BWE. Please evaluate whether better entry and exit points can be found.
- 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.
OSL:BWE (5/28/2025, 7:00:00 PM)
31.75
+0.25 (+0.79%)