BGM GROUP LTD (BGM) Stock Technical Analysis
NASDAQ:BGM - Nasdaq - KYG7307E1237 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BGM. Although BGM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
100% of all other stocks performed better in the past year than BGM.
BGM is part of the Pharmaceuticals industry. There are 197 other stocks in this industry, of which 89% are performing better than BGM.
Warning: BGM has an average volume of 25204 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month BGM has a been trading in the 10.00 - 16.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BGM has an average technical rating and it also does not offer a high quality setup 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
9.06
14.07
3 important support areas can be observed.
- Support @10.82 from a trend line in the daily time frame.
- Support @10.33 from a trend line in the daily time frame.
- Support @9.15 from a horizontal 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 | UP | POSITIVE | The long term trend for BGM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BGM is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | BGM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 60 | NEUTRAL | The RSI value for BGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests BGM has a positive trend. |
| Stochastics (14,3) | 49.75 | NEUTRAL | The Stochastics value for BGM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.53 | HIGH VOLATILITY | The high ATR as a percentage value for BGM suggests high volalility. |
| Average Directional Index/ADX (14) | 15.55 | NEGATIVE | The low ADX value for BGM suggests a weak or negative trend. |
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)
13.93
+2.36 (+20.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg20.4%
1 Week12.79%
2 Weeks26.29%
1 Month25.5%
3 Month46.94%
6 Month57.94%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%7.53%
ATR Inc206.96%
Range Today2.35
ADR(20)0.99
ADR(20)%7.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High16.5
10 Day Low11.08
20 Day High16.5
20 Day Low10
52 Week HighN/A
52 Week LowN/A
CS1 End10.82
CR1 StartN/A
Volume & EV
DER(3)-10.03%
DER(5)-2.64%
Volume15.90K
Volume Incr211.51%
Vol(5)22.46K
Vol(50)25.20K