BGC GROUP INC-A (BGC) Technical Analysis
NASDAQ:BGC • US0889291045
Current stock price
BGC Technical Rating and Analysis
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 is part of the Capital Markets industry. There are 240 other stocks in this industry. BGC outperforms 82% of them.
- In the last month BGC has a been trading in the 8.90 - 9.99 range, which is quite wide. It is currently trading near the high of this range.
- BGC has an average volume of 2521410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BGC did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- BGC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BGC is lagging the market slightly.
BGC Weekly and Daily overview Charts
BGC Setup Rating and Analysis
BGC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 9.59, a Stop Loss order could be placed below this zone.
More info and screens
BGC Support and Resistance Analysis
7.86
5 important support areas can be observed.
- A support zone ranging from 9.28 to 9.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.11 from a horizontal line in the daily time frame.
- A support zone ranging from 8.86 to 8.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.52 to 8.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.14 from a trend line in the weekly time frame.
BGC Technical Indicator Signal Analysis
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 | 74.86 | POSITIVE | BGC has a high relative strength, it outperformed 74.86% off all stocks 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) | 61.83 | 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) | 91.21 | OVERBOUGHT | The high Stochastics value suggests BGC may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BGC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.84 | NEUTRAL | The ADX value for BGC suggests a possible start of a new trend. |
BGC Chart- and CandleStick Pattern Analysis
BGC Example Setup
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 |
|---|---|---|---|
| 10.15 | 9.29 | 0.86 (8.44%) | 11.84% |
| An entry @10.15. This is a Buy Stop order right above the resistance zone. | An exit @9.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.86 points, which is 8.44%. | For a 1.00% total portfolio risk, you can invest 11.84% of your capital in this trade. |
- 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.
BGC Technicals: Chart, Performance Metrics, Trend & Indicators
9.98
+0.14 (+1.42%)
BGC GROUP INC-A / BGC TA FAQ
Can you provide the ChartMill technical rating for BGC GROUP INC-A?
ChartMill assigns a technical rating of 8 / 10 to BGC.
Can you provide the trend direction for BGC GROUP INC-A?
The current trend direction for BGC GROUP INC-A (BGC) is Bullish.
What is the RSI signal for BGC stock?
BGC GROUP INC-A (BGC) has an RSI value of 61.8304. This indicates that the stock is currently neutral.
What is the MACD signal for BGC GROUP INC-A (BGC) stock?
The MACD indicator for BGC GROUP INC-A (BGC) has a value of 0.0357789, indicating a bearish trend.
What is the support and resistance level for BGC stock?
BGC GROUP INC-A (BGC) has a support level at 9.59 and a resistance level at 10.14. Check the full technical report for our detailed analysis of BGC support and resistance levels.