BLACKSTONE LONG-SHORT CREDIT (BGX) Stock Technical Analysis
NYSE:BGX - New York Stock Exchange, Inc. - US09257D1028 - Currency: USD
Overall BGX gets a technical rating of 1 out of 10. BGX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BGX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.14, a Stop Loss order could be placed below this zone.
More info and screens
11.29
2 important support areas can be observed.
- A support zone ranging from 12.04 to 12.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.40 to 11.45. 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 12.19 to 12.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.64 to 12.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 13.13 to 13.20. 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 | DOWN | NEGATIVE | The long term trend for BGX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGX is up. |
| ChartMill Relative Strength | 31.6 | NEUTRAL | BGX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BGX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.97 | NEUTRAL | The RSI value for BGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.64 | NEUTRAL | The Stochastics value for BGX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for BGX suggests low volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for BGX suggests a weak or negative trend. |
NYSE:BGX (6/9/2025, 8:11:48 PM)
12.19
+0.03 (+0.25%)