BLACKSTONE STRATEGIC CREDIT (BGB) Technical Analysis
NYSE:BGB • US09257R1014
Current stock price
BGB Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to BGB. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BGB is a bad performer in the overall market: 75% of all stocks are doing better.
- BGB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BGB is lagging the market.
- In the last month BGB has a been trading in the 10.85 - 11.51 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BGB Weekly and Daily overview Charts
BGB Setup Rating and Analysis
BGB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.93, a Stop Loss order could be placed below this zone.
More info and screens
BGB Support and Resistance Analysis
10.73
When analyzing the support we notice one important area.
- A support zone ranging from 10.84 to 10.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.20 to 11.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.61 to 11.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.85 from a horizontal line 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.
BGB Technical Indicator Signal Analysis
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 | 25.08 | NEGATIVE | BGB has a low relative strength, it was outperformed by 74.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BGB is below 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) | 46.03 | NEUTRAL | The RSI value for BGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BGB has a positive trend. |
| Stochastics (14,3) | 46.46 | NEUTRAL | The Stochastics value for BGB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for BGB suggests low volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for BGB suggests a possible start of a new trend. |
BGB Chart- and CandleStick Pattern Analysis
BGB Technicals: Chart, Performance Metrics, Trend & Indicators
11.18
+0.07 (+0.63%)
BLACKSTONE STRATEGIC CREDIT / BGB TA FAQ
What is the ChartMill technical rating of BLACKSTONE STRATEGIC CREDIT (BGB) stock?
ChartMill assigns a technical rating of 1 / 10 to BGB.
What is the trend direction for BGB stock?
The current trend direction for BLACKSTONE STRATEGIC CREDIT (BGB) is Bearish.
Can you provide the RSI signal for BLACKSTONE STRATEGIC CREDIT?
BLACKSTONE STRATEGIC CREDIT (BGB) has an RSI value of 46.0322. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLACKSTONE STRATEGIC CREDIT?
The MACD indicator for BLACKSTONE STRATEGIC CREDIT (BGB) has a value of 0.00554401, indicating a bearish trend.
Can you provide the short term momentum for BLACKSTONE STRATEGIC CREDIT?
The short term momentum for BLACKSTONE STRATEGIC CREDIT (BGB) is negative.