BUNGE GLOBAL SA (BG) Stock Technical Analysis
NYSE:BG • CH1300646267
Taking everything into account, BG scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BG did better than 91% of all other stocks. On top of that, BG also shows a nice and consistent pattern of rising prices.
- BG is part of the Food Products industry. There are 87 other stocks in this industry. BG outperforms 93% of them.
- BG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BG has a been trading in the 110.30 - 124.78 range, which is quite wide. It is currently trading near the high of this range.
- BG has an average volume of 1593500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, BG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
80.11
When analyzing the support we can see 3 important areas.
- Support @113.88 from a horizontal line in the daily time frame.
- A support zone ranging from 94.74 to 95.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 122.53 to 123.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 91.15 | POSITIVE | BG has a high relative strength, it outperformed 91.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BG is above the rising 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) | 70.03 | OVERBOUGHT | The high RSI value suggests BG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BG has a negative trend. |
| Stochastics (14,3) | 83.59 | OVERBOUGHT | The high Stochastics value suggests BG may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 50.9 | POSITIVE | The high ADX value value for BG suggests a strong trend. |
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 |
|---|---|---|---|
| 123.50 | 112.82 | 10.68 (8.65%) | 11.56% |
| An entry @123.50. This is a Buy Stop order right above the resistance zone. | An exit @112.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.68 points, which is 8.65%. | When investing 11.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
121.95
-1.54 (-1.25%)
BUNGE GLOBAL SA / BG FAQ
Can you provide the ChartMill technical rating for BUNGE GLOBAL SA?
ChartMill assigns a technical rating of 10 / 10 to BG.
What is the current trend direction of BUNGE GLOBAL SA (BG) stock?
The current trend direction for BUNGE GLOBAL SA (BG) is Bullish.
Can you provide the RSI signal for BUNGE GLOBAL SA?
BUNGE GLOBAL SA (BG) has an RSI value of 70.0264. This indicates that the stock is currently overbought.
Can you provide the short term momentum for BUNGE GLOBAL SA?
The short term momentum for BUNGE GLOBAL SA (BG) is positive.
Can you provide the buy/sell signal for BUNGE GLOBAL SA?
The buy/sell signal for BUNGE GLOBAL SA (BG) is buy as both the short term and long term trends are positive.