BRIGHAM MINERALS INC-CL A (MNRL) Technical Analysis
NYSE:MNRL • US10918L1035
Current stock price
32.5 USD
-0.52 (-1.57%)
At close:
32.5 USD
0 (0%)
After Hours:
MNRL Technical Rating and Analysis
Taking everything into account, MNRL scores 9 out of 10 in our technical rating. 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 may just continue or reversal may be around the corner!
- Looking at the yearly performance, MNRL did better than 97% of all other stocks. On top of that, MNRL also shows a nice and consistent pattern of rising prices.
- MNRL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 95% of 209 stocks in the same industry.
- MNRL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MNRL is performing more or less in line with the market.
- Volume is considerably higher in the last couple of days.
MNRL Weekly and Daily overview Charts
MNRL Setup Rating and Analysis
Besides having an excellent technical rating, MNRL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
MNRL Support and Resistance Analysis
23.44
37.41
We found 5 important support 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.
MNRL 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 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. |
MNRL Chart- and CandleStick Pattern Analysis
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)
MNRL Technicals: Chart, Performance Metrics, Trend & Indicators
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
3 months CRSN/A
6 months CRSN/A
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
BRIGHAM MINERALS INC-CL A / MNRL TA FAQ
Can you provide the ChartMill technical rating for BRIGHAM MINERALS INC-CL A?
ChartMill assigns a technical rating of 8 / 10 to MNRL.
Can you provide the trend direction for BRIGHAM MINERALS INC-CL A?
The current trend direction for BRIGHAM MINERALS INC-CL A (MNRL) is Bullish.
What is the RSI signal for MNRL stock?
BRIGHAM MINERALS INC-CL A (MNRL) has an RSI value of 45.7335. This indicates that the stock is currently neutral.
What is the MACD signal for MNRL stock?
The MACD indicator for BRIGHAM MINERALS INC-CL A (MNRL) has a value of -0.180756, indicating a bearish trend.