BUNGE GLOBAL SA (BG) Stock Technical Analysis
USA - NYSE:BG - CH1300646267 - Common Stock
81.62 USD
-0.32 (-0.39%)
81.62 USD
0 (0%)
We assign a technical rating of 3 out of 10 to BG. In the last year, BG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, BG is a bad performer in the overall market: 83% of all stocks are doing better.
In the last month BG has a been trading in the 78.37 - 88.51 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BG has an average volume of 1987120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
BG is part of the Food Products industry. There are 89 other stocks in this industry, BG did better than 48% of them.
BG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BG is lagging the market.
Although the technical rating is bad, BG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
72.27
90.64
2 important support areas can be observed.
- A support zone ranging from 75.14 to 76.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 73.00 to 73.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 82.65 to 83.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 85.65 to 88.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @89.74 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BG is neutral. |
| ChartMill Relative Strength | 17.85 | NEGATIVE | BG has a low relative strength, it was outperformed by 82.15% 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) | DOWN | MIXED | The current price of BG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.33 | NEUTRAL | The RSI value for BG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests BG has a negative trend. |
| Stochastics (14,3) | 33.91 | NEUTRAL | The Stochastics value for BG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.03 | NEGATIVE | The low ADX value for BG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
81.62
-0.32 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.39%
1 Week-3.21%
2 Weeks-3.56%
1 Month-0.58%
3 Month0.26%
6 Month10.48%
12 Month-16.18%
2 Year-24.6%
3 Year-1.15%
5 Year78.6%
10 Year11.35%
15 Year37.96%
Volatility
ATR(14)2.13
ATR(20)%2.72%
ATR Inc-53.7%
Range Today0.87
ADR(20)2.15
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.85
Mansfield-0.95
10 Day High85.31
10 Day Low78.61
20 Day High88.51
20 Day Low78.37
52 Week High100.48
52 Week Low67.4
CS1 End76.1
CR1 Start82.65
Volume & EV
DER(3)0.49%
DER(5)0.27%
Volume1.20M
Volume Incr-4.56%
Vol(5)1.91M
Vol(50)1.99M