BLACKSTONE STRATEGIC CREDIT (BGB) Stock Technical Analysis
USA - NYSE:BGB - US09257R1014
Overall BGB gets a technical rating of 1 out of 10. BGB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BGB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BGB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.08
We found 3 important support areas.
- A support zone ranging from 11.74 to 11.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.41 from a horizontal line in the daily time frame.
- Support @11.19 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.96 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.61 to 12.65. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for BGB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGB is down. |
| ChartMill Relative Strength | 28.57 | NEGATIVE | BGB has a low relative strength, it was outperformed by 71.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.07 | NEUTRAL | The RSI value for BGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BGB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60 | NEUTRAL | The Stochastics value for BGB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for BGB suggests low volalility. |
| Average Directional Index/ADX (14) | 22.55 | NEUTRAL | The ADX value for BGB suggests a possible start of a new trend. |
11.82
-0.04 (-0.34%)
BLACKSTONE STRATEGIC CREDIT / BGB FAQ
What is the ChartMill technical rating of BLACKSTONE STRATEGIC CREDIT (BGB) stock?
ChartMill assigns a technical rating of 1 / 10 to BGB.
Can you provide the trend direction for BLACKSTONE STRATEGIC CREDIT?
The current trend direction for BLACKSTONE STRATEGIC CREDIT (BGB) is Bearish.
What is the RSI signal for BLACKSTONE STRATEGIC CREDIT (BGB) stock?
BLACKSTONE STRATEGIC CREDIT (BGB) has an RSI value of 45.0718. This indicates that the stock is currently neutral.
What is the short term momentum for BLACKSTONE STRATEGIC CREDIT (BGB) stock?
The short term momentum for BLACKSTONE STRATEGIC CREDIT (BGB) is negative.
What is the buy/sell signal for BGB stock?
The buy/sell signal for BLACKSTONE STRATEGIC CREDIT (BGB) is sell as both the short term and long term trends are negative.