BGC GROUP INC-A (BGC) Stock Technical Analysis
USA - NASDAQ:BGC - US0889291045 - Common Stock
9.3 USD
+0.01 (+0.11%)
9.3013 USD
+0 (+0.01%)
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BGC is a bad performer in the overall market: 70% of all stocks are doing better.
BGC has an average volume of 2731600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BGC is part of the Capital Markets industry. There are 236 other stocks in this industry, BGC did better than 54% 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 8.75 - 9.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BGC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.23, a Stop Loss order could be placed below this zone.
More info and screens
7.63
10.67
We found 5 important support areas.
- A support zone ranging from 9.15 to 9.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.83 to 8.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.49 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 can see 4 important resistance areas.
- A resistance zone ranging from 9.52 to 9.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.88 from a trend line in the daily time frame.
- Resistance @10.28 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.51 to 10.56. 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 | DOWN | NEGATIVE | The long term trend for BGC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGC is down. |
| ChartMill Relative Strength | 30.77 | NEUTRAL | BGC is not amongst the best or worst performers 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) | 48.01 | NEUTRAL | The RSI value for BGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BGC has a positive trend. |
| Stochastics (14,3) | 75.53 | NEUTRAL | The Stochastics value for BGC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BGC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.81 | 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)
9.3
+0.01 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.11%
1 Week0.11%
2 Weeks1.97%
1 Month-2.21%
3 Month-5.39%
6 Month2.99%
12 Month1.53%
2 Year58.43%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%2.57%
ATR Inc-32.96%
Range Today0.15
ADR(20)0.23
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.77
3 months CRS23.03
6 months CRS32.82
Mansfield-1.18
10 Day High9.42
10 Day Low8.75
20 Day High9.7
20 Day Low8.75
52 Week High11.79
52 Week Low7.24
CS1 End9.23
CR1 Start9.52
Volume & EV
DER(3)-1.37%
DER(5)-2.64%
Volume3.36M
Volume Incr-7.82%
Vol(5)2.91M
Vol(50)2.73M