BLACKSTONE STRATEGIC CREDIT (BGB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BGB - US09257R1014
Overall BGB gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BGB was also a bad performer in the overall market in the last year.
- 67% of all other stocks performed better in the past year than BGB.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- BGB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BGB is lagging the market.
- In the last month BGB has a been trading in a tight range between 11.70 and 11.97.
Although the technical rating is bad, BGB does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.89, 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
11.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.74 to 11.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.90 to 11.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.27 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 | NEUTRAL | NEUTRAL | The long term trend for BGB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BGB is neutral. |
| ChartMill Relative Strength | 33.18 | NEUTRAL | BGB is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of BGB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BGB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.72 | NEUTRAL | The RSI value for BGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BGB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.94 | NEUTRAL | The Stochastics value for BGB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for BGB suggests low volalility. |
| Average Directional Index/ADX (14) | 10.34 | NEGATIVE | The low ADX value for BGB suggests a weak or negative trend. |
11.9
-0.01 (-0.08%)
BLACKSTONE STRATEGIC CREDIT / BGB FAQ
What is the ChartMill technical rating of BLACKSTONE STRATEGIC CREDIT (BGB) stock?
ChartMill assigns a technical rating of 3 / 10 to BGB.
What is the trend direction for BGB stock?
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 52.7226. This indicates that the stock is currently neutral.
What is the short term momentum for BGB stock?
The short term momentum for BLACKSTONE STRATEGIC CREDIT (BGB) is neutral.