BUNGE GLOBAL SA (BG) Stock Technical Analysis
NYSE:BG • CH1300646267
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BG is one of the better performing stocks in the market, outperforming 92% of all 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 94% of them.
- A new 52 week high is currently being made by BG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month BG has a been trading in the 106.14 - 124.78 range, which is quite wide. It is currently trading near the high of this range.
- BG has an average volume of 1581320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, BG also presents 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 115.59, a Stop Loss order could be placed below this zone.
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79.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 113.88 to 115.59. 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 94.03 to 94.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.71 from a trend line in the weekly 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 | 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 | 92.64 | POSITIVE | BG has a high relative strength, it outperformed 92.64% 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) | 76.69 | OVERBOUGHT | The high RSI value suggests BG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BG has a positive trend. |
| Stochastics (14,3) | 90.51 | OVERBOUGHT | The high Stochastics value suggests BG may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 51.21 | POSITIVE | The high ADX value value for BG suggests a strong 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 |
|---|---|---|---|
| 124.79 | 113.87 | 10.92 (8.75%) | 11.43% |
| An entry @124.79. This is a Buy Stop order right above the 10 day high. | An exit @113.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.92 points, which is 8.75%. | For a 1.00% total portfolio risk, you can invest 11.43% of your capital in this trade. |
- 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.
122.53
+0.79 (+0.65%)
BUNGE GLOBAL SA / BG 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 current trend direction of BUNGE GLOBAL SA (BG) stock?
The current trend direction for BUNGE GLOBAL SA (BG) is Bullish.
Can you provide the RSI signal for BUNGE GLOBAL SA?
BUNGE GLOBAL SA (BG) has an RSI value of 76.6936. This indicates that the stock is currently overbought.
Can you provide the short term momentum for BUNGE GLOBAL SA?
The short term momentum for BUNGE GLOBAL SA (BG) is positive.
Can you provide the buy/sell signal for BUNGE GLOBAL SA?
The buy/sell signal for BUNGE GLOBAL SA (BG) is buy as both the short term and long term trends are positive.