BUNGE GLOBAL SA (BG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BG - CH1300646267 - Common Stock
Taking everything into account, BG scores 4 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.
BG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 91.46, a Stop Loss order could be placed below this zone.
More info and screens
72.47
5 important support areas can be observed.
- A support zone ranging from 91.45 to 91.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @86.03 from a trend line in the weekly time frame.
- Support @82.69 from a trend line in the daily time frame.
- A support zone ranging from 78.73 to 79.03. 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 2 important areas.
- Resistance @95.77 from a trend line in the weekly time frame.
- A resistance zone ranging from 97.80 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 | DOWN | NEGATIVE | The short term trend for BG is down. |
| ChartMill Relative Strength | 79.71 | POSITIVE | BG has a high relative strength, it outperformed 79.71% 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 | MIXED | The current price of BG is below 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) | 42.03 | NEUTRAL | The RSI value for BG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests BG has a negative trend. |
| Stochastics (14,3) | 26.43 | NEUTRAL | The Stochastics value for BG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.86 | NEGATIVE | The low ADX value for BG suggests a weak or negative trend. |
91.47
-0.25 (-0.27%)
BUNGE GLOBAL SA / BG FAQ
What is the technical rating for BG stock?
ChartMill assigns a technical rating of 4 / 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 42.0334. 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 -0.3314, indicating a bearish trend.
What is the buy/sell signal for BUNGE GLOBAL SA (BG) stock?
The buy/sell signal for BUNGE GLOBAL SA (BG) is hold as the short term and long term trends are mixed.