BUNGE LTD (BG)       94.83  -4.11 (-4.15%)

94.83  -4.11 (-4.15%)

BMG169621056 - Common Stock - After market: 94.9 +0.07 (+0.07%)

Technical Rating

5

Overall BG gets a technical rating of 5 out of 10. BG has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.



BG has an average volume of 1330830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, BG did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BG is part of the Food Products industry. There are 101 other stocks in this industry, BG did better than 64% of them.
BG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month BG has a been trading in the 94.07 - 106.20 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -3.95% -4.22% -16.07% 9.48% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 76.42 80.41 - 128.4
BG Weekly chart
BG Daily chart

Support/Resistance Analysis


81.10

105.89
When analyzing the support we notice one important area.
  • A support zone ranging from 81.92 to 83.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
  • A resistance zone ranging from 101.01 to 101.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @104.84 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

2

BG has an average technical rating and it also does not offer a high quality setup 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.


BG Daily chart

BUNGE LTD94.83

NYSE:BG (12/2/2022, 7:21:46 PM)-4.11 (-4.15%)

After market: 94.9 +0.07 (+0.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Food Products
Performance
Today -4.15% 1 Week -6.83%
2 Weeks -4.68% 1 Month -3.95%
3 Month -4.22% 6 Month -16.07%
Volatility
ATR(14) 3.19 ATR(20)% 3.56%
ATR Inc 141.77% Range Today 4.85
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 76.42 Mansfield -0.35
10 Day High 106.2 10 Day Low 94.07
20 Day High 106.2 20 Day Low 94.07
52 Week High 128.4 52 Week Low 80.41
CS1 End 83.85 CR1 Start 101.01
Volume & EV
DER(3) -1.95% DER(5) -0.24%
Volume 2.62M Volume Incr 53.79%
Vol(5) 1.92M Vol(50) 1.33M

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