BEASLEY BROADCAST GRP INC -A (BBGI) Stock Technical Analysis
USA - NASDAQ:BBGI - US0740142007 - Common Stock
We assign a technical rating of 4 out of 10 to BBGI. BBGI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
BBGI has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.44
When analyzing the support we notice one important area.
- Support @5.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.57 to 5.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.08 from a trend line in the weekly time frame.
- Resistance @6.21 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for BBGI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBGI is neutral. |
| ChartMill Relative Strength | 16.85 | NEGATIVE | BBGI has a low relative strength, it was outperformed by 83.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBGI is above the rising 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) | 48.33 | NEUTRAL | The RSI value for BBGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BBGI has a negative trend. |
| Stochastics (14,3) | 46.86 | NEUTRAL | The Stochastics value for BBGI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for BBGI suggests high volalility. |
| Average Directional Index/ADX (14) | 39.8 | POSITIVE | The high ADX value value for BBGI suggests a strong trend. |
5.52
-0.08 (-1.43%)
BEASLEY BROADCAST GRP INC -A / BBGI FAQ
What is the technical rating for BBGI stock?
ChartMill assigns a technical rating of 4 / 10 to BBGI.
Can you provide the trend direction for BEASLEY BROADCAST GRP INC -A?
The current trend direction for BEASLEY BROADCAST GRP INC -A (BBGI) is Bearish.
Can you provide the RSI signal for BEASLEY BROADCAST GRP INC -A?
BEASLEY BROADCAST GRP INC -A (BBGI) has an RSI value of 48.3334. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BEASLEY BROADCAST GRP INC -A?
BEASLEY BROADCAST GRP INC -A (BBGI) has a support level at 5.58 and a resistance level at 6.08. Check the full technical report for our detailed analysis of BBGI support and resistance levels.