BIONEXUS GENE LAB CORP (BGLC) Stock Technical Analysis
NASDAQ:BGLC - Nasdaq - US0906283066 - Common Stock - Currency: USD
Taking everything into account, BGLC scores 2 out of 10 in our technical rating. BGLC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BGLC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BGLC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.73
When analyzing the support we notice one important area.
- A support zone ranging from 2.76 to 2.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.94 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.02 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.23 to 4.25. This zone is formed by a combination of multiple trend lines 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 BGLC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGLC is down. |
| ChartMill Relative Strength | 16.42 | NEGATIVE | BGLC has a low relative strength, it was outperformed by 83.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BGLC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGLC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGLC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.18 | NEUTRAL | The RSI value for BGLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BGLC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.55 | OVERSOLD | The low Stochastics value suggests BGLC may be oversold. |
| Average True Range in percent/ATR (20) | 14.81 | HIGH VOLATILITY | The high ATR as a percentage value for BGLC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.79 | NEUTRAL | The ADX value for BGLC suggests a possible start of a new trend. |
2.93
+0.05 (+1.74%)