BlackRock 2022 Global Income Opportunity Trust (BGIO) Stock Technical Analysis
NYSE:BGIO - New York Stock Exchange, Inc. -
We assign a technical rating of 1 out of 10 to BGIO. BGIO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BGIO is a bad performer in the overall market: 99% of all stocks are doing better.
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 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
2.56
3.92
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.77%
2 Weeks0.38%
1 Month0.77%
3 Month-49.03%
6 Month-71.84%
12 Month-70.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.77%
ATR Inc-47.15%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.94
Mansfield-6.87
10 Day High2.68
10 Day Low2.54
20 Day High2.68
20 Day Low2.46
52 Week High9.98
52 Week Low2.46
CS1 End2.62
CR1 Start2.64
Volume & EV
DER(3)0.31%
DER(5)-0.54%
Volume227.10K
Volume Incr52.39%
Vol(5)269.52K
Vol(50)139.77K