BEASLEY BROADCAST GRP INC -A (BBGI) Stock Technical Analysis
NASDAQ:BBGI - Nasdaq - US0740142007 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BBGI. BBGI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BBGI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.11, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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4.02
When analyzing the support we notice one important area.
- A support zone ranging from 4.06 to 4.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.31 to 4.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.61 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for BBGI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBGI is neutral. |
| ChartMill Relative Strength | 4.41 | NEGATIVE | BBGI has a low relative strength, it was outperformed by 95.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BBGI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BBGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.88 | NEUTRAL | The RSI value for BBGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BBGI has a positive trend. |
| Stochastics (14,3) | 35.19 | NEUTRAL | The Stochastics value for BBGI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for BBGI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for BBGI suggests a weak or negative trend. |
NASDAQ:BBGI (8/8/2025, 8:20:25 PM)
4.3
+0.18 (+4.37%)