BGSF Technical Analysis - BGSF INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to BGSF. BGSF 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.

When comparing the yearly performance of all stocks, BGSF is a bad performer in the overall market: 97% of all stocks are doing better.

BGSF is one of the lesser performing stocks in the Professional Services industry. 77% of 86 stocks in the same industry do better.

BGSF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month BGSF has a been trading in the 3.56 - 7.50 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BGSF 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.56

3.72

When analyzing the resistance we notice one important area.

A resistance zone ranging from 3.63 to 3.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 BGSF is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BGSF is down.
ChartMill Relative Strength	3.33	NEGATIVE	BGSF has a low relative strength, it was outperformed by 96.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BGSF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BGSF is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BGSF is below a declining SMA(200).
Relative Strength Index/RSI (14)	28.27	OVERSOLD	The low RSI value suggests BGSF may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests BGSF has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.04	OVERSOLD	The low Stochastics value suggests BGSF may be oversold.
Average True Range in percent/ATR (20)	10.02	HIGH VOLATILITY	The high ATR as a percentage value for BGSF suggests high volalility.
Average Directional Index/ADX (14)	38.94	POSITIVE	The high ADX value value for BGSF suggests a strong trend.