BRIGHAM MINERALS INC-CL A (MNRL) Stock Technical Analysis
NYSE:MNRL - New York Stock Exchange, Inc. - US10918L1035 - Common Stock - Currency: USD
Overall MNRL gets a technical rating of 9 out of 10. In the last year, MNRL was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MNRL has a been trading in the 31.22 - 37.79 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MNRL is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by MNRL over the past year are nicely spread over this period.
MNRL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 210 stocks in the same industry.
MNRL 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 MNRL is lagging the market slightly.
Volume is considerably higher in the last couple of days.
MNRL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 33.07. Right above this resistance zone may be a good entry point.
More info and screens
23.44
37.41
When analyzing the support we can see 5 important areas.
- A support zone ranging from 32.25 to 32.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.73 to 31.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.01 from a trend line in the weekly time frame.
- A support zone ranging from 25.23 to 25.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.68 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 33.07 to 33.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 37.04 to 37.04. 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 MNRL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNRL is neutral. |
| ChartMill Relative Strength | 97.27 | POSITIVE | MNRL has a high relative strength, it outperformed 97.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNRL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MNRL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNRL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.73 | NEUTRAL | The RSI value for MNRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MNRL has a negative trend. |
| Stochastics (14,3) | 46.22 | NEUTRAL | The Stochastics value for MNRL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.03 | NEGATIVE | The low ADX value for MNRL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
32.5
-0.52 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.57%
1 Week-1.34%
2 Weeks-3.7%
1 Month-6.72%
3 Month31.74%
6 Month27.9%
12 Month54.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%4.76%
ATR Inc-11.15%
Range Today1.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.27
Mansfield2.67
10 Day High34.35
10 Day Low31.22
20 Day High37.79
20 Day Low31.22
52 Week High37.79
52 Week Low20.53
CS1 End32.38
CR1 Start33.07
Volume & EV
DER(3)2.62%
DER(5)2.4%
Volume3.02M
Volume Incr128.38%
Vol(5)1.00M
Vol(50)502.88K