BLACKROCK FLTNG RT INC TR (BGT) Stock Technical Analysis
NYSE:BGT - New York Stock Exchange, Inc. - US0919411043 - Currency: USD
Taking everything into account, BGT scores 5 out of 10 in our technical rating. BGT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, BGT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.45, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.21
We found 3 important support areas.
- A support zone ranging from 12.31 to 12.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.01 from a horizontal line in the daily time frame.
- A support zone ranging from 11.32 to 11.37. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.71 to 12.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.19 to 13.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.68 to 13.75. 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 | NEUTRAL | NEUTRAL | The long term trend for BGT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGT is up. |
| ChartMill Relative Strength | 40.76 | NEUTRAL | BGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BGT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.9 | NEUTRAL | The RSI value for BGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BGT has a positive trend. |
| Stochastics (14,3) | 90.13 | OVERBOUGHT | The high Stochastics value suggests BGT may be overbought. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for BGT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.78 | NEUTRAL | The ADX value for BGT suggests a possible start of a new trend. |
NYSE:BGT (7/3/2025, 7:04:41 PM)
12.64
-0.11 (-0.86%)