BGFV Technical Analysis - BIG 5 SPORTING GOODS CORP

Technical Rating and Analysis

Taking everything into account, BGFV scores 5 out of 10 in our technical rating. BGFV has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

85% of all other stocks performed better in the past year than BGFV.

BGFV is one of the lesser performing stocks in the Specialty Retail industry. 63% of 122 stocks in the same industry do better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month BGFV has a been trading in the 1.32 - 1.45 range, which is quite wide. It is currently trading near the high of this range.

BGFV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BGFV is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BIG 5 SPORTING GOODS CORP / BGFV Weekly stock chart

BIG 5 SPORTING GOODS CORP / BGFV Daily stock chart

Setup Rating and Analysis

BGFV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.42, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.34

1.53

We found 1 important support area.

A support zone ranging from 1.35 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.51 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for BGFV is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BGFV is up.
ChartMill Relative Strength	15.01	NEGATIVE	BGFV has a low relative strength, it was outperformed by 84.99% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BGFV is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BGFV is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BGFV is above a declining SMA(200).
Relative Strength Index/RSI (14)	56.1	NEUTRAL	The RSI value for BGFV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests BGFV has a positive trend.
Stochastics (14,3)	93.59	OVERBOUGHT	The high Stochastics value suggests BGFV may be overbought.
Average True Range in percent/ATR (20)	1.76	LOW VOLATILITY	The low ATR as a percentage value for BGFV suggests low volalility.
Average Directional Index/ADX (14)	49.56	POSITIVE	The high ADX value value for BGFV suggests a strong trend.