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| Weekly Pattern: | Falling Channel |
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- 5/10/2024 -
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Borgwarner Inc (BWA) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Borgwarner Inc (BWA). During the week, the BWA gained 1.06 points, or 2.91%, and closed at 37.50 on Friday, May 10, 2024. BWA was trading at average weekly trading volume.
BWA is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See BWA medium-term trend chart]
A medium-term uptrend had started on April 18, 2024 at 31.72 and reached 38.00 on May 10, 2024. BWA gained -6.28 points, or -19.80%, in 3 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (33.42) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See BWA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 1, 2024 at 32.59 and reached 38.00 on May 10, 2024. BWA gained -5.41 points, or -16.60%, in 9 days. The price is now at the 9.24% retracement level.
 Daily Technical Indicators: [See BWA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
2 |
| Industry |
Auto Parts & Equipment |
93 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
32.59 |
| Low Date |
05/01/2024 |
| High |
38.00 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
32.59 |
| Low Date |
05/01/2024 |
| High |
38.00 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Resistance |
| Resistance |
34.00 |
| Support |
33.42 |
| Low |
31.72 |
| Low Date |
04/18/2024 |
| High |
38.00 |
| High Date |
05/10/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
29.51 |
| Low Date |
02/20/2024 |
| High |
38.00 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
51.17 |
| High Date |
03/03/2023 |
| Low |
29.51 |
| Low Date |
02/20/2024 |
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