We assign a technical rating of 0 out of 10 to BGXX. BGXX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than BGXX.
- BGXX is one of the lesser performing stocks in the Pharmaceuticals industry. 81% of 191 stocks in the same industry do better.
- BGXX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month BGXX has a been trading in the 0.14 - 0.33 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of BGXX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.15
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.25 from a horizontal line in the daily time frame.
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 BGXX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGXX is down. |
| ChartMill Relative Strength | 4.11 | NEGATIVE | BGXX has a low relative strength, it was outperformed by 95.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGXX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGXX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGXX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.71 | OVERSOLD | The low RSI value suggests BGXX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BGXX has a negative trend. |
| Stochastics (14,3) | 14.08 | OVERSOLD | The low Stochastics value suggests BGXX may be oversold. |
| Average True Range in percent/ATR (20) | 18.38 | HIGH VOLATILITY | The high ATR as a percentage value for BGXX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for BGXX suggests a possible start of a new trend. |
0.1481
-0.04 (-22.01%)
BRIGHT GREEN CORP / BGXX FAQ
Can you provide the ChartMill technical rating for BRIGHT GREEN CORP?
ChartMill assigns a technical rating of 0 / 10 to BGXX.
Can you provide the trend direction for BRIGHT GREEN CORP?
The current trend direction for BRIGHT GREEN CORP (BGXX) is Bearish.
Can you provide the RSI signal for BRIGHT GREEN CORP?
BRIGHT GREEN CORP (BGXX) has an RSI value of 28.7071. This indicates that the stock is currently oversold.
What is the MACD signal for BGXX stock?
The MACD indicator for BRIGHT GREEN CORP (BGXX) has a value of -0.00326656, indicating a bearish trend.
What are the support and resistance levels for BRIGHT GREEN CORP (BGXX) stock?
BRIGHT GREEN CORP (BGXX) has a resistance level at 0.19. Check the full technical report for our detailed analysis of BGXX support and resistance levels.