BLUE GOLD LTD-CL A (BGL) Technical Analysis
NASDAQ:BGL • KYG1331C1042
Current stock price
BGL Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BGL. BGL'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than BGL.
- BGL is one of the lesser performing stocks in the Metals & Mining industry. 86% of 163 stocks in the same industry do better.
- In the last month BGL has a been trading in the 0.98 - 1.34 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Volume is considerably higher in the last couple of days.
BGL Weekly and Daily overview Charts
BGL Setup Rating and Analysis
Although the technical rating is bad, BGL 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 1.22. Right above this resistance zone may be a good entry point.
More info and screens
BGL Support and Resistance Analysis
1.09
We can see 2 important resistance areas.
- A resistance zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.24 from a horizontal line in the daily time frame.
BGL 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 BGL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGL is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BGL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.98 | NEUTRAL | The RSI value for BGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.63 | NEUTRAL | The Stochastics value for BGL is a neutral value. |
| Average True Range in percent/ATR (20) | 10.86 | HIGH VOLATILITY | The high ATR as a percentage value for BGL suggests high volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for BGL suggests a weak or negative trend. |
BGL Chart- and CandleStick Pattern Analysis
BGL Technicals: Chart, Performance Metrics, Trend & Indicators
1.1
+0.02 (+1.85%)
BLUE GOLD LTD-CL A / BGL TA FAQ
Can you provide the ChartMill technical rating for BLUE GOLD LTD-CL A?
ChartMill assigns a technical rating of 0 / 10 to BGL.
What is the trend direction for BGL stock?
The current trend direction for BLUE GOLD LTD-CL A (BGL) is Bearish.
Can you provide the RSI signal for BLUE GOLD LTD-CL A?
BLUE GOLD LTD-CL A (BGL) has an RSI value of 41.9842. This indicates that the stock is currently neutral.
What is the MACD signal for BLUE GOLD LTD-CL A (BGL) stock?
The MACD indicator for BLUE GOLD LTD-CL A (BGL) has a value of 0.0396111, indicating a bearish trend.
Can you provide the buy/sell signal for BLUE GOLD LTD-CL A?
The buy/sell signal for BLUE GOLD LTD-CL A (BGL) is sell as both the short term and long term trends are negative.