Bridge Bancorp Inc (BDGE) Stock Technical Analysis
NASDAQ:BDGE
We assign a technical rating of 6 out of 10 to BDGE. Although BDGE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, BDGE is a bad performer in the overall market: 73% of all stocks are doing better.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- BDGE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BDGE is lagging the market.
- In the last month BDGE has a been trading in the 23.45 - 29.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BDGE has an average technical rating and it also does not offer a high quality setup 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
22.35
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.18 to 24.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.58 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.10 to 27.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for BDGE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BDGE is neutral. |
| ChartMill Relative Strength | 27.96 | NEGATIVE | BDGE has a low relative strength, it was outperformed by 72.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BDGE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BDGE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BDGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.91 | NEUTRAL | The RSI value for BDGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests BDGE has a negative trend. |
| Stochastics (14,3) | 37.15 | NEUTRAL | The Stochastics value for BDGE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for BDGE suggests high volalility. |
24.43
-3.4 (-12.22%)
Bridge Bancorp Inc / BDGE FAQ
What is the ChartMill technical rating of Bridge Bancorp Inc (BDGE) stock?
ChartMill assigns a technical rating of 6 / 10 to BDGE.
What is the current trend direction of Bridge Bancorp Inc (BDGE) stock?
The current trend direction for Bridge Bancorp Inc (BDGE) is Bullish.
What is the RSI signal for BDGE stock?
Bridge Bancorp Inc (BDGE) has an RSI value of 41.9148. This indicates that the stock is currently neutral.
What is the MACD signal for BDGE stock?
The MACD indicator for Bridge Bancorp Inc (BDGE) has a value of -0.204633, indicating a bearish trend.
What are the support and resistance levels for Bridge Bancorp Inc (BDGE) stock?
Bridge Bancorp Inc (BDGE) has a support level at 24.42 and a resistance level at 27.1. Check the full technical report for our detailed analysis of BDGE support and resistance levels.