BIG 5 SPORTING GOODS CORP (BGFV) Stock Technical Analysis
USA - NASDAQ:BGFV - US08915P1012 - Common Stock
Taking everything into account, BGFV scores 5 out of 10 in our technical rating. In the last year, BGFV was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, BGFV 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 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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When analyzing the support we notice one important 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.
When analyzing the resistance we notice 2 important 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.
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 | 17.36 | NEGATIVE | BGFV has a low relative strength, it was outperformed by 82.64% 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. |
1.44
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BIG 5 SPORTING GOODS CORP / BGFV FAQ
What is the technical rating for BGFV stock?
ChartMill assigns a technical rating of 5 / 10 to BGFV.
Can you provide the trend direction for BIG 5 SPORTING GOODS CORP?
The current trend direction for BIG 5 SPORTING GOODS CORP (BGFV) is Bearish.
What is the RSI signal for BGFV stock?
BIG 5 SPORTING GOODS CORP (BGFV) has an RSI value of 56.1037. This indicates that the stock is currently neutral.
What is the support and resistance level for BGFV stock?
BIG 5 SPORTING GOODS CORP (BGFV) has a support level at 1.42 and a resistance level at 1.45. Check the full technical report for our detailed analysis of BGFV support and resistance levels.