BLACKSTONE STRATEGIC CREDIT (BGB) Stock Technical Analysis
NYSE:BGB - New York Stock Exchange, Inc. - US09257R1014 - Currency: USD
Overall BGB gets a technical rating of 3 out of 10. In the past year, BGB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, BGB does present a nice setup opportunity. 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 12.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.96, a Stop Loss order could be placed below this zone.
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11.08
2 important support areas can be observed.
- A support zone ranging from 11.74 to 11.96. 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 11.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.10 to 12.12. This zone is formed by a combination of multiple trend lines 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 | 39.07 | 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) | DOWN | MIXED | The current price of BGB is above 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) | 57.72 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 87.46 | OVERBOUGHT | The high Stochastics value suggests BGB may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for BGB suggests low volalility. |
| Average Directional Index/ADX (14) | 10.79 | NEGATIVE | The low ADX value for BGB suggests a weak or negative trend. |
NYSE:BGB (6/13/2025, 8:04:00 PM)
12
-0.04 (-0.33%)