BUNGE GLOBAL SA (BG) Technical Analysis
NYSE:BG • CH1300646267
Current stock price
BG Technical Rating and Analysis
Taking everything into account, BG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BG did better than 90% 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 89% of them.
- BG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BG is leading the market.
- In the last month BG has a been trading in the 111.72 - 131.50 range, which is quite wide. It is currently trading near the high of this range.
- BG has an average volume of 1846430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BG Weekly and Daily overview Charts
BG Setup Rating and Analysis
Besides having an excellent technical rating, BG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 124.68, a Stop Loss order could be placed below this zone.
More info and screens
BG Support and Resistance Analysis
81.35
We found 5 important support areas.
- A support zone ranging from 122.96 to 124.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 116.67 to 117.29. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @113.20 from a horizontal line in the daily time frame.
- A support zone ranging from 98.99 to 100.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 128.73 to 128.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
BG Technical Indicator Signal Analysis
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 | 90.79 | POSITIVE | BG has a high relative strength, it outperformed 90.79% 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) | 61.74 | NEUTRAL | The RSI value for BG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests BG has a positive trend. |
| Stochastics (14,3) | 71.42 | NEUTRAL | The Stochastics value for BG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for BG suggests a possible start of a new trend. |
BG Chart- and CandleStick Pattern Analysis
BG Example Setup
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 |
|---|---|---|---|
| 128.74 | 122.95 | 5.79 (4.50%) | 22.23% |
| An entry @128.74. This is a Buy Stop order right above the resistance zone. | An exit @122.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.79 points, which is 4.50%. | For a 1.00% total portfolio risk, you can invest 22.23% of your capital in this trade. |
- 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.
BG Technicals: Chart, Performance Metrics, Trend & Indicators
128.32
+1.12 (+0.88%)
BUNGE GLOBAL SA / BG TA 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 trend direction for BG stock?
The current trend direction for BUNGE GLOBAL SA (BG) is Bullish.
What is the RSI signal for BUNGE GLOBAL SA (BG) stock?
BUNGE GLOBAL SA (BG) has an RSI value of 61.7418. 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 0.291817, indicating a bearish trend.
What is the short term momentum for BG stock?
The short term momentum for BUNGE GLOBAL SA (BG) is positive.