BIRKS GROUP INC (BGI) Stock Technical Analysis
USA - NYSEARCA:BGI - CA09088U1093 - Common Stock
Taking everything into account, BGI scores 7 out of 10 in our technical rating. Although BGI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BGI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.02
We found 2 important support areas.
- Support @1.07 from a horizontal line in the daily time frame.
- A support zone ranging from 1.03 to 1.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @1.19 from a horizontal line in the daily time frame.
- Resistance @1.21 from a trend line in the daily time frame.
- Resistance @1.25 from a horizontal line in the weekly time frame.
- Resistance @1.29 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 | UP | POSITIVE | The long term trend for BGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGI is up. |
| ChartMill Relative Strength | 67.75 | NEUTRAL | BGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BGI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BGI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.84 | NEUTRAL | The RSI value for BGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BGI has a negative trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for BGI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.52 | HIGH VOLATILITY | The high ATR as a percentage value for BGI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for BGI suggests a strong trend. |
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 |
|---|---|---|---|
| 1.20 | 1.08 | 0.12 (10.00%) | 10.00% |
| An entry @1.20. This is a Buy Stop order right above the resistance zone. | An exit @1.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.12 points, which is 10.00%. | For a 1.00% total portfolio risk, you can invest 10.00% 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.
1.16
-0.02 (-1.69%)
BIRKS GROUP INC / BGI FAQ
What is the technical rating for BGI stock?
ChartMill assigns a technical rating of 7 / 10 to BGI.
What is the current trend direction of BIRKS GROUP INC (BGI) stock?
The current trend direction for BIRKS GROUP INC (BGI) is Bullish.
What is the RSI signal for BGI stock?
BIRKS GROUP INC (BGI) has an RSI value of 53.8401. This indicates that the stock is currently neutral.
What is the MACD signal for BIRKS GROUP INC (BGI) stock?
The MACD indicator for BIRKS GROUP INC (BGI) has a value of -0.00694197, indicating a bearish trend.
What is the buy/sell signal for BGI stock?
The buy/sell signal for BIRKS GROUP INC (BGI) is buy as both the short term and long term trends are positive.