BUNGE GLOBAL SA (BG) Technical Analysis
NYSE:BG • CH1300646267
Current stock price
BG Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to BG. Both in the recent history as in the last year, BG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BG is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, BG also shows a nice and consistent pattern of rising prices.
- BG is one of the better performing stocks in the Food Products industry, it outperforms 87% of 87 stocks in the same industry.
- BG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BG is lagging the market slightly.
- BG has an average volume of 1707880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BG has a been trading in the 117.74 - 131.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BG Weekly and Daily overview Charts
BG Setup Rating and Analysis
Besides having an excellent technical rating, BG also presents a decent setup pattern. 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 129.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 123.35, a Stop Loss order could be placed below this zone.
More info and screens
BG Support and Resistance Analysis
81.97
5 important support areas can be observed.
- A support zone ranging from 118.15 to 123.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @113.20 from a horizontal line in the daily time frame.
- Support @103.12 from a trend line in the daily time frame.
- Support @101.11 from a trend line in the weekly time frame.
- Support @82.80 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 129.42 to 129.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
BG 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 | UP | POSITIVE | The long term trend for BG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BG is up. |
| ChartMill Relative Strength | 84.28 | POSITIVE | BG has a high relative strength, it outperformed 84.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.36 | NEUTRAL | The RSI value for BG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.11 | NEUTRAL | The Stochastics value for BG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.83 | NEGATIVE | The low ADX value for BG suggests a weak or negative trend. |
BG Chart- and CandleStick Pattern Analysis
BG Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 129.43 | 118.14 | 11.29 (8.72%) | 11.46% |
| An entry @129.43. This is a Buy Stop order right above the resistance zone. | An exit @118.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.29 points, which is 8.72%. | For a 1.00% total portfolio risk, you can invest 11.46% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BG Technicals: Chart, Performance Metrics, Trend & Indicators
124.9
-1.52 (-1.2%)
BUNGE GLOBAL SA / BG TA FAQ
Can you provide the ChartMill technical rating for BUNGE GLOBAL SA?
ChartMill assigns a technical rating of 9 / 10 to BG.
What is the trend direction for BG stock?
The current trend direction for BUNGE GLOBAL SA (BG) is Bullish.
What is the RSI signal for BUNGE GLOBAL SA (BG) stock?
BUNGE GLOBAL SA (BG) has an RSI value of 52.3641. This indicates that the stock is currently neutral.
What is the MACD signal for BG stock?
The MACD indicator for BUNGE GLOBAL SA (BG) has a value of -0.059226, indicating a bearish trend.
What is the short term momentum for BG stock?
The short term momentum for BUNGE GLOBAL SA (BG) is positive.