BLACKSTONE STRATEGIC CREDIT (BGB) Stock Technical Analysis
NYSE:BGB - New York Stock Exchange, Inc. - US09257R1014 - Currency: USD
Taking everything into account, BGB scores 6 out of 10 in our technical rating. In the last year, BGB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
BGB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BGB is lagging the market slightly.
When comparing the performance of all stocks over the past year, BGB turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
In the last month BGB has a been trading in a tight range between 11.86 and 12.44.
BGB has an average technical rating and also the quality of the setup is only medium 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
11.08
12.78
We found 3 important support areas.
- A support zone ranging from 11.96 to 12.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.74 from a horizontal line in the daily time frame.
- A support zone ranging from 11.19 to 11.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.45 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 | UP | POSITIVE | The long term trend for BGB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGB is up. |
| ChartMill Relative Strength | 48.71 | 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 | POSITIVE | The current price of BGB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.51 | OVERBOUGHT | The high RSI value suggests BGB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BGB has a positive trend. |
| Stochastics (14,3) | 88.16 | OVERBOUGHT | The high Stochastics value suggests BGB may be overbought. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for BGB suggests low volalility. |
| Average Directional Index/ADX (14) | 17.84 | NEGATIVE | The low ADX value for BGB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
12.37
-0.02 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.16%
1 Week1.14%
2 Weeks0.81%
1 Month3.17%
3 Month7.47%
6 Month0.57%
12 Month4.74%
2 Year11.04%
3 Year5.55%
5 Year5.91%
10 Year-19.83%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.7%
ATR Inc35.37%
Range Today0.08
ADR(20)0.08
ADR(20)%0.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.71
Mansfield-0.63
10 Day High12.44
10 Day Low12.15
20 Day High12.44
20 Day Low11.86
52 Week High12.69
52 Week Low10.47
CS1 End12.27
CR1 Start12.45
Volume & EV
DER(3)-1.94%
DER(5)-1.72%
Volume192.10K
Volume Incr63.52%
Vol(5)154.84K
Vol(50)124.50K