Technical Analysis for BGB - Blackstone / GSO Strategic Credit Fund

Grade Last Price % Change Price Change
C 13.095 -0.11% -0.02
BGB closed up 0.23 percent on Wednesday, February 24, 2021, on 50 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down
Historical BGB trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish -0.11%
Shooting Star Candlestick Bearish -0.11%
Fell Below 20 DMA Bearish 0.11%
Inside Day Range Contraction 0.11%
Crossed Above 20 DMA Bullish -0.34%
New Uptrend Bullish 0.19%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.19%
Doji - Bullish? Reversal 0.19%
Outside Day Range Expansion 0.19%
Fell Below 20 DMA Bearish 0.19%
Older End-of-Day Signals for BGB ...

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Profile

Blackstone / GSO Strategic Credit Fund Description

The Fund will seek to achieve its investment objectives by investing primarily in a diversified portfolio of loans and other fixed income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (''Senior Secured Loans'') and high yield corporate bonds of varying maturities. Under normal market conditions, at least 80% of the Fund's Managed Assets (as defined below) will be invested in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics. ''Managed Assets'' means the Fund's net assets plus any borrowing for investment purposes, including effective leverage (as defined below) and traditional leverage (as defined below). The fixed income instruments the Fund will invest in will typically be rated below investment grade or, if unrated, are considered by GSO / Blackstone Debt Funds Management LLC (the ''Adviser''), the Fund's investment adviser, to be of comparable quality. Fixed income instruments that are rated below investment grade (commonly referred to as ''high yield'' or ''junk'' instruments) are regarded as having predominantly speculative characteristics with respect to the issuer's capacity to pay interest and repay principal.


Classification

Keywords: Exchange Traded Fund ETF Banking Bond Mutual Fund High Yield Debt Collateralized Debt Obligation Leverage Blackstone

Is BGB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.12
52 Week Low 7.91
Average Volume 186,953
200-Day Moving Average 12.06
50-Day Moving Average 12.87
20-Day Moving Average 13.14
10-Day Moving Average 13.17
Average True Range 0.12
ADX 23.34
+DI 24.44
-DI 16.78
Chandelier Exit (Long, 3 ATRs ) 13.03
Chandelier Exit (Short, 3 ATRs ) 13.32
Upper Bollinger Band 13.34
Lower Bollinger Band 12.94
Percent B (%b) 0.43
BandWidth 3.02
MACD Line 0.06
MACD Signal Line 0.10
MACD Histogram -0.0336
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.30
Resistance 3 (R3) 13.31 13.25 13.27
Resistance 2 (R2) 13.25 13.21 13.25 13.26
Resistance 1 (R1) 13.18 13.18 13.22 13.17 13.25
Pivot Point 13.13 13.13 13.15 13.12 13.13
Support 1 (S1) 13.06 13.08 13.09 13.05 12.97
Support 2 (S2) 13.00 13.05 13.00 12.96
Support 3 (S3) 12.93 13.00 12.95
Support 4 (S4) 12.92