BFG Technical Analysis - BF SPA

Technical Rating and Analysis

Taking everything into account, BFG scores 1 out of 10 in our technical rating. BFG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

In the last month BFG has a been trading in the 4.17 - 4.47 range, which is quite wide. It is currently trading near the lows of this range.

Warning: BFG has an average volume of 7225 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

When comparing the performance of all stocks over the past year, BFG turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.

BFG is an average performer in the Food Products industry, it outperforms 57% of 58 stocks in the same industry.

BFG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BFG is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BFG has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.47

4.49

When analyzing the support we can see 5 important areas.

Support @4.20 from a horizontal line in the weekly time frame.
Support @4.05 from a horizontal line in the daily time frame.
A support zone ranging from 3.93 to 3.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.74 from a trend line in the weekly time frame.
Support @3.50 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

Resistance @4.21 from a trend line in the daily time frame.
A resistance zone ranging from 4.30 to 4.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 BFG.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BFG.MI is down.
ChartMill Relative Strength	47.94	NEUTRAL	BFG.MI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BFG.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BFG.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BFG.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	39.61	NEUTRAL	The RSI value for BFG.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests BFG.MI has a negative trend.
Stochastics (14,3)	19.44	OVERSOLD	The low Stochastics value suggests BFG.MI may be oversold.
Average True Range in percent/ATR (20)	1.58	LOW VOLATILITY	The low ATR as a percentage value for BFG.MI suggests low volalility.
Average Directional Index/ADX (14)	12.06	NEGATIVE	The low ADX value for BFG.MI suggests a weak or negative trend.