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Archive
- 11/8/2024 -
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Borgwarner Inc (BWA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Borgwarner Inc (BWA). During the week, the BWA gained 0.48 points, or 1.44%, and closed at 33.92 on Friday, November 8, 2024. It was the best weekly gain since September 27, 2024. Weekly volume was -11% below average.
 Long-term trend: [See BWA long-term trend chart]
A long-term downtrend had started on March 3, 2023 at 51.17 and reached 29.51 on February 20, 2024. BWA lost 21.66 points, or 42.33%, in 50 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (31.46) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See BWA medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 37.29 and reached 32.57 on October 31, 2024. BWA lost 4.72 points, or 12.66%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 32.03 and resistance is at 34.27. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See BWA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 23, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See BWA short-term trend chart]
A short-term uptrend had started on October 31, 2024 at 32.57 and reached 35.67 on November 7, 2024. BWA gained -3.10 points, or -9.52%, in 7 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See BWA daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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