We assign a technical rating of 0 out of 10 to BGC. BGC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BGC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BGC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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7.63
4 important support areas can be observed.
- A support zone ranging from 8.60 to 8.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.26 to 8.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.94 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.71 to 7.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.99 to 9.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.43 from a trend line in the daily time frame.
- A resistance zone ranging from 10.28 to 10.43. This zone is formed by a combination of multiple trend lines in the weekly 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 | DOWN | NEGATIVE | The long term trend for BGC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BGC is neutral. |
| ChartMill Relative Strength | 27.5 | NEGATIVE | BGC has a low relative strength, it was outperformed by 72.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BGC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.79 | NEUTRAL | The RSI value for BGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BGC has a positive trend. |
| Stochastics (14,3) | 87.72 | OVERBOUGHT | The high Stochastics value suggests BGC may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for BGC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.61 | POSITIVE | The high ADX value value for BGC suggests a strong trend. |
8.98
+0.02 (+0.22%)
BGC GROUP INC-A / BGC FAQ
Can you provide the ChartMill technical rating for BGC GROUP INC-A?
ChartMill assigns a technical rating of 0 / 10 to BGC.
What is the current trend direction of BGC GROUP INC-A (BGC) stock?
The current trend direction for BGC GROUP INC-A (BGC) is Bearish.
Can you provide the RSI signal for BGC GROUP INC-A?
BGC GROUP INC-A (BGC) has an RSI value of 54.7931. This indicates that the stock is currently neutral.
What is the short term momentum for BGC stock?
The short term momentum for BGC GROUP INC-A (BGC) is neutral.
What are the support and resistance levels for BGC GROUP INC-A (BGC) stock?
BGC GROUP INC-A (BGC) has a support level at 8.81 and a resistance level at 8.99. Check the full technical report for our detailed analysis of BGC support and resistance levels.