BUNGE GLOBAL SA (BG) Stock Technical Analysis
USA - NYSE:BG - CH1300646267 - Common Stock
We assign a technical rating of 8 out of 10 to BG. Although BG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BG has an excellent technical rating, but the quality of the setup is only medium 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.
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72.47
When analyzing the support we can see 5 important areas.
- A support zone ranging from 94.67 to 94.73. 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 82.34 to 84.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.34 from a trend line in the daily time frame.
- Support @77.56 from a trend line in the weekly time frame.
- Support @73.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for BG is up. |
| ChartMill Relative Strength | 78.06 | POSITIVE | BG has a high relative strength, it outperformed 78.06% 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) | 68.64 | NEUTRAL | The RSI value for BG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.99 | POSITIVE | The MACD value suggests BG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.8 | OVERBOUGHT | The high Stochastics value suggests BG may be overbought. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for BG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.03 | NEUTRAL | The ADX value for BG suggests a possible start of a new trend. |
96.42
-1.38 (-1.41%)
BUNGE GLOBAL SA / BG FAQ
What is the technical rating for BG stock?
ChartMill assigns a technical rating of 8 / 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 68.6375. 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 0.989207, 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 buy as both the short term and long term trends are positive.