BLACKSTONE STRATEGIC CREDIT (BGB) Stock Technical Analysis
NYSE:BGB - New York Stock Exchange, Inc. - US09257R1014 - Currency: USD
We assign a technical rating of 5 out of 10 to BGB. BGB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
BGB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.98, a Stop Loss order could be placed below this zone.
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11.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.78 to 11.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.19 to 11.31. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @12.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.41 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 | UP | POSITIVE | The short term trend for BGB is up. |
| ChartMill Relative Strength | 44.42 | 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) | DOWN | NEGATIVE | The current price of BGB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.37 | 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) | 75.62 | NEUTRAL | The Stochastics value for BGB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for BGB suggests low volalility. |
| Average Directional Index/ADX (14) | 9.69 | NEGATIVE | The low ADX value for BGB suggests a weak or negative trend. |
NYSE:BGB (6/17/2025, 4:10:04 PM)
11.99
+0.02 (+0.17%)