BW LPG LTD (BWLP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BWLP - SGXZ69436764 - Common Stock
Taking everything into account, BWLP scores 6 out of 10 in our technical rating. BWLP has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
BWLP 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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11.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 12.79 to 12.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.54 to 12.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.18 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.83 to 11.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @13.90 from a horizontal line in the daily time frame.
- Resistance @16.65 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for BWLP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWLP is up. |
| ChartMill Relative Strength | 57.79 | NEUTRAL | BWLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BWLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.47 | NEUTRAL | The RSI value for BWLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests BWLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.39 | OVERBOUGHT | The high Stochastics value suggests BWLP may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BWLP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.38 | NEGATIVE | The low ADX value for BWLP suggests a weak or negative trend. |
13.42
-0.24 (-1.76%)
BW LPG LTD / BWLP FAQ
What is the ChartMill technical rating of BW LPG LTD (BWLP) stock?
ChartMill assigns a technical rating of 6 / 10 to BWLP.
What is the trend direction for BWLP stock?
The current trend direction for BW LPG LTD (BWLP) is Bearish.
What is the RSI signal for BW LPG LTD (BWLP) stock?
BW LPG LTD (BWLP) has an RSI value of 59.472. This indicates that the stock is currently neutral.
What is the short term momentum for BWLP stock?
The short term momentum for BW LPG LTD (BWLP) is positive.