BUILD ACQUISITION CORP-A (BGSX) Stock Technical Analysis
USA - NYSE:BGSX - US12008J1051 - Common Stock
Overall BGSX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BGSX is showing a nice and steady performance.
Besides having an excellent technical rating, BGSX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.19, a Stop Loss order could be placed below this zone.
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9.52
2 important support areas can be observed.
- A support zone ranging from 10.09 to 10.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.62 to 9.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.21 to 10.21. 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 | UP | POSITIVE | The long term trend for BGSX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGSX is up. |
| ChartMill Relative Strength | 82.02 | POSITIVE | BGSX has a high relative strength, it outperformed 82.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGSX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGSX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BGSX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.88 | OVERBOUGHT | The high RSI value suggests BGSX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BGSX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.99 | OVERSOLD | The low Stochastics value suggests BGSX may be oversold. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for BGSX suggests low volalility. |
| Average Directional Index/ADX (14) | 67.47 | POSITIVE | The high ADX value value for BGSX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.22 | 10.16 | 0.06 (0.59%) | 25.00% |
| An entry @10.22. This is a Buy Stop order right above the resistance zone. | An exit @10.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 0.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The distance between exit and entry is rather small compared to the average daily movement of BGSX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.2
+0.01 (+0.15%)
BUILD ACQUISITION CORP-A / BGSX FAQ
What is the ChartMill technical rating of BUILD ACQUISITION CORP-A (BGSX) stock?
ChartMill assigns a technical rating of 9 / 10 to BGSX.
What is the current trend direction of BUILD ACQUISITION CORP-A (BGSX) stock?
The current trend direction for BUILD ACQUISITION CORP-A (BGSX) is Bullish.
What is the RSI signal for BGSX stock?
BUILD ACQUISITION CORP-A (BGSX) has an RSI value of 74.8794. This indicates that the stock is currently overbought.
What is the buy/sell signal for BGSX stock?
The buy/sell signal for BUILD ACQUISITION CORP-A (BGSX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BUILD ACQUISITION CORP-A?
BUILD ACQUISITION CORP-A (BGSX) has a support level at 10.19 and a resistance level at 10.21. Check the full technical report for our detailed analysis of BGSX support and resistance levels.