BLACKROCK FLTNG RT INC TR (BGT) Technical Analysis
NYSE:BGT • US0919411043
Current stock price
BGT Technical Rating and Analysis
Taking everything into account, BGT scores 0 out of 10 in our technical rating. BGT 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, BGT is a bad performer in the overall market: 76% of all stocks are doing better.
- BGT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BGT is lagging the market.
- In the last month BGT has a been trading in the 10.59 - 11.25 range, which is quite wide. It is currently trading near the lows of this range.
BGT Weekly and Daily overview Charts
BGT Setup Rating and Analysis
BGT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.73, a Stop Loss order could be placed below this zone.
More info and screens
BGT Support and Resistance Analysis
10.52
When analyzing the support we notice one important area.
- A support zone ranging from 10.63 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.13 to 11.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.17 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.76 to 12.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
BGT 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 BGT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGT is down. |
| ChartMill Relative Strength | 24.66 | NEGATIVE | BGT has a low relative strength, it was outperformed by 75.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.25 | NEUTRAL | The RSI value for BGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BGT has a positive trend. |
| Stochastics (14,3) | 30.11 | NEUTRAL | The Stochastics value for BGT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for BGT suggests low volalility. |
| Average Directional Index/ADX (14) | 54.87 | POSITIVE | The high ADX value value for BGT suggests a strong trend. |
BGT Chart- and CandleStick Pattern Analysis
BGT Technicals: Chart, Performance Metrics, Trend & Indicators
10.74
-0.02 (-0.19%)
BLACKROCK FLTNG RT INC TR / BGT TA FAQ
What is the ChartMill technical rating of BLACKROCK FLTNG RT INC TR (BGT) stock?
ChartMill assigns a technical rating of 0 / 10 to BGT.
Can you provide the trend direction for BLACKROCK FLTNG RT INC TR?
The current trend direction for BLACKROCK FLTNG RT INC TR (BGT) is Bearish.
What is the RSI signal for BLACKROCK FLTNG RT INC TR (BGT) stock?
BLACKROCK FLTNG RT INC TR (BGT) has an RSI value of 32.2516. This indicates that the stock is currently neutral.
What is the short term momentum for BGT stock?
The short term momentum for BLACKROCK FLTNG RT INC TR (BGT) is negative.
Can you provide the support and resistance levels for BLACKROCK FLTNG RT INC TR?
BLACKROCK FLTNG RT INC TR (BGT) has a support level at 10.73 and a resistance level at 11.13. Check the full technical report for our detailed analysis of BGT support and resistance levels.