Overall BGM gets a technical rating of 0 out of 10. BGM'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.
The technical rating of BGM 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
4.32
We can see 2 important resistance areas.
- Resistance @7.92 from a trend line in the daily time frame.
- Resistance @8.46 from a trend line in the weekly 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 BGM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGM is down. |
| ChartMill Relative Strength | 4.84 | NEGATIVE | BGM has a low relative strength, it was outperformed by 95.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 11.99 | OVERSOLD | The low RSI value suggests BGM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BGM has a negative trend. |
| Stochastics (14,3) | 8.47 | OVERSOLD | The low Stochastics value suggests BGM may be oversold. |
| Average True Range in percent/ATR (20) | 11.4 | HIGH VOLATILITY | The high ATR as a percentage value for BGM suggests high volalility. |
| Average Directional Index/ADX (14) | 41.8 | POSITIVE | The high ADX value value for BGM suggests a strong trend. |
4.36
-0.65 (-12.97%)
BGM GROUP LTD / BGM FAQ
Can you provide the ChartMill technical rating for BGM GROUP LTD?
ChartMill assigns a technical rating of 0 / 10 to BGM.
What is the current trend direction of BGM GROUP LTD (BGM) stock?
The current trend direction for BGM GROUP LTD (BGM) is Bearish.
Can you provide the RSI signal for BGM GROUP LTD?
BGM GROUP LTD (BGM) has an RSI value of 11.9947. This indicates that the stock is currently oversold.
What is the MACD signal for BGM stock?
The MACD indicator for BGM GROUP LTD (BGM) has a value of -0.179102, indicating a bearish trend.
What is the short term momentum for BGM GROUP LTD (BGM) stock?
The short term momentum for BGM GROUP LTD (BGM) is negative.