BUNGE GLOBAL SA (BG) Stock Technical Analysis
USA - NYSE:BG - CH1300646267 - Common Stock
Taking everything into account, BG scores 6 out of 10 in our technical rating. In the last year, BG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, BG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 96.78. Right above this resistance zone may be a good entry point.
More info and screens
72.47
We found 6 important support areas.
- Support @94.57 from a horizontal line in the weekly time frame.
- Support @92.80 from a horizontal line in the daily time frame.
- Support @83.92 from a trend line in the weekly time frame.
- Support @81.02 from a trend line in the daily time frame.
- A support zone ranging from 77.74 to 78.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 96.78 to 97.80. 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 | NEUTRAL | NEUTRAL | The short term trend for BG is neutral. |
| ChartMill Relative Strength | 76.22 | POSITIVE | BG has a high relative strength, it outperformed 76.22% 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) | 53.56 | NEUTRAL | The RSI value for BG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests BG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.87 | NEUTRAL | The Stochastics value for BG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.35 | NEGATIVE | The low ADX value for BG suggests a weak or negative 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 |
|---|---|---|---|
| 97.81 | 94.56 | 3.25 (3.32%) | 25.00% |
| An entry @97.81. This is a Buy Stop order right above the resistance zone. | An exit @94.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.25 points, which is 3.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of BG. Please evaluate whether better entry and exit points can be found.
- 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.
94.58
+1.78 (+1.92%)
BUNGE GLOBAL SA / BG FAQ
What is the technical rating for BG stock?
ChartMill assigns a technical rating of 6 / 10 to BG.
Can you provide the trend direction for BUNGE GLOBAL SA?
The current trend direction for BUNGE GLOBAL SA (BG) is Bullish.
What is the RSI signal for BG stock?
BUNGE GLOBAL SA (BG) has an RSI value of 53.556. 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 -0.659554, indicating a bearish trend.