BLUE GOLD LTD-CL A (BGL) Stock Technical Analysis
NASDAQ:BGL • KYG1331C1042
We assign a technical rating of 1 out of 10 to BGL. BGL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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 part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 90% are performing better than BGL.
- In the last month BGL has a been trading in the 1.97 - 5.87 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BGL has an average volume of 1480480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
BGL has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.11
When analyzing the resistance we notice 2 important areas.
- Resistance @3.20 from a trend line in the daily time frame.
- Resistance @4.10 from a trend 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 | 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) | UP | MIXED | The current price of BGL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.49 | NEUTRAL | The RSI value for BGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BGL has a negative trend. |
| Stochastics (14,3) | 8.38 | OVERSOLD | The low Stochastics value suggests BGL may be oversold. |
| Average True Range in percent/ATR (20) | 30.03 | HIGH VOLATILITY | The high ATR as a percentage value for BGL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.6 | NEGATIVE | The low ADX value for BGL suggests a weak or negative trend. |
2.13
-0.07 (-3.18%)
BLUE GOLD LTD-CL A / BGL FAQ
Can you provide the ChartMill technical rating for BLUE GOLD LTD-CL A?
ChartMill assigns a technical rating of 1 / 10 to BGL.
What is the trend direction for BGL stock?
The current trend direction for BLUE GOLD LTD-CL A (BGL) is Bearish.
What is the RSI signal for BLUE GOLD LTD-CL A (BGL) stock?
BLUE GOLD LTD-CL A (BGL) has an RSI value of 40.4864. This indicates that the stock is currently neutral.
What is the short term momentum for BGL stock?
The short term momentum for BLUE GOLD LTD-CL A (BGL) is negative.
What are the support and resistance levels for BLUE GOLD LTD-CL A (BGL) stock?
BLUE GOLD LTD-CL A (BGL) has a resistance level at 3.2. Check the full technical report for our detailed analysis of BGL support and resistance levels.