Borr Drilling Ltd

BORR remains in a Stage 4 decline with a clear long-term downtrend and recent Support Failure confirming buyers cannot absorb supply. Medium-term bias is bearish, reinforced by rejecting rallies into declining EMAs, and short-term timing favors selling into resistance around the 9/21/50 EMA cluster. Sell execution now into these dynamic resistance zones under continued volume distribution, while watching for potential stabilization signals that could invalidate the bearish outlook.

• ↑Technical utilization at 99.4% and economic utilization at 97% shows operational strength
• ↑71% of 2026 days contracted at ~$137k/day boosts revenue visibility
• ↓Q1 revenue fell 4.8% QoQ to $247m with net loss of $29m driven by credit provisions