BGC GROUP INC-A (BGC) Stock Technical Analysis
NASDAQ:BGC - Nasdaq - US0889291045 - Common Stock - Currency: USD
Taking everything into account, BGC scores 8 out of 10 in our technical rating. Although BGC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
BGC has an average volume of 2940710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BGC outperforms 68% of them, which is more or less in line with the market.
BGC is part of the Capital Markets industry. There are 233 other stocks in this industry, BGC did better than 64% of them.
BGC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BGC is lagging the market.
In the last month BGC has a been trading in the 9.13 - 10.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BGC has an excellent technical rating, but 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
7.63
10.93
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.72 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.17 to 9.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.15 from a trend line in the weekly time frame.
- Support @7.94 from a horizontal line in the weekly time frame.
- Support @7.71 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @10.82 from a trend line in the daily time frame.
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 BGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGC is up. |
| ChartMill Relative Strength | 68.74 | NEUTRAL | BGC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.58 | NEUTRAL | The RSI value for BGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BGC has a negative trend. |
| Stochastics (14,3) | 59.05 | NEUTRAL | The Stochastics value for BGC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for BGC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.85 | POSITIVE | The high ADX value value for BGC suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.55 | 10.14 | 0.41 (3.88%) | 25.00% |
| An entry @10.55. This is a Buy Stop order right above the 10 day moving average. | An exit @10.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.41 points, which is 3.88%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BGC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.17
-0.24 (-2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-2.31%
1 Week-3.6%
2 Weeks-0.59%
1 Month7.62%
3 Month20.21%
6 Month9.12%
12 Month6.49%
2 Year113.66%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.77%
ATR Inc-24.31%
Range Today0.28
ADR(20)0.28
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.74
Mansfield0.03
10 Day High10.96
10 Day Low10.15
20 Day High10.96
20 Day Low9.13
52 Week High11.79
52 Week Low7.24
CS1 End9.91
CR1 Start10.82
Volume & EV
DER(3)-1.85%
DER(5)-1.09%
Volume2.88M
Volume Incr-17.85%
Vol(5)2.77M
Vol(50)2.94M