BlackRock 2022 Global Income Opportunity Trust (BGIO) Technical Analysis
NYSE:BGIO
Current stock price
BGIO Technical Rating and Analysis
Taking everything into account, BGIO scores 1 out of 10 in our technical rating. BGIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than BGIO.
- BGIO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BGIO is lagging the market.
- BGIO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
BGIO Weekly and Daily overview Charts
BGIO Setup Rating and Analysis
BGIO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
BGIO Support and Resistance Analysis
2.56
When analyzing the support we notice one important area.
- A support zone ranging from 2.59 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.64 to 2.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.13 from a trend line in the daily time frame.
- A resistance zone ranging from 3.82 to 3.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BGIO 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 | DOWN | NEGATIVE | The long term trend for BGIO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGIO is down. |
| ChartMill Relative Strength | 1.94 | NEGATIVE | BGIO has a low relative strength, it was outperformed by 98.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 16.75 | OVERSOLD | The low RSI value suggests BGIO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BGIO has a positive trend. |
| Stochastics (14,3) | 59.52 | NEUTRAL | The Stochastics value for BGIO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for BGIO suggests low volalility. |
BGIO Chart- and CandleStick Pattern Analysis
BGIO Technicals: Chart, Performance Metrics, Trend & Indicators
BlackRock 2022 Global Income Opportunity Trust
NYSE:BGIO (12/13/2021, 8:21:00 PM)
After market: 2.64 +0.01 (+0.38%)2.63
0 (0%)
BlackRock 2022 Global Income Opportunity Trust / BGIO TA FAQ
What is the technical rating for BGIO stock?
ChartMill assigns a technical rating of 1 / 10 to BGIO.
What is the current trend direction of BlackRock 2022 Global Income Opportunity Trust (BGIO) stock?
The current trend direction for BlackRock 2022 Global Income Opportunity Trust (BGIO) is Bearish.
What is the RSI signal for BGIO stock?
BlackRock 2022 Global Income Opportunity Trust (BGIO) has an RSI value of 16.7546. This indicates that the stock is currently oversold.
Can you provide the MACD signal for BlackRock 2022 Global Income Opportunity Trust?
The MACD indicator for BlackRock 2022 Global Income Opportunity Trust (BGIO) has a value of 0.0866304, indicating a bearish trend.
What is the buy/sell signal for BlackRock 2022 Global Income Opportunity Trust (BGIO) stock?
The buy/sell signal for BlackRock 2022 Global Income Opportunity Trust (BGIO) is sell as both the short term and long term trends are negative.