B&G FOODS INC (BGS) Stock Technical Analysis
USA - NYSE:BGS - US05508R1068 - Common Stock
We assign a technical rating of 0 out of 10 to BGS. BGS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of BGS is bad and it also does not present a quality setup 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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3.95
When analyzing the support we notice one important area.
- A support zone ranging from 3.99 to 3.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 4.01 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.42 to 4.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @4.62 from a horizontal line in the daily time frame.
- Resistance @4.72 from a horizontal line in the daily time frame.
- Resistance @4.92 from a trend line in the weekly time frame.
- Resistance @5.15 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 | DOWN | NEGATIVE | The long term trend for BGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGS is down. |
| ChartMill Relative Strength | 8.06 | NEGATIVE | BGS has a low relative strength, it was outperformed by 91.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.86 | NEUTRAL | The RSI value for BGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BGS has a negative trend. |
| Stochastics (14,3) | 11.87 | OVERSOLD | The low Stochastics value suggests BGS may be oversold. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for BGS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for BGS suggests a weak or negative trend. |
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-0.02 (-0.5%)
B&G FOODS INC / BGS FAQ
What is the technical rating for BGS stock?
ChartMill assigns a technical rating of 0 / 10 to BGS.
What is the current trend direction of B&G FOODS INC (BGS) stock?
The current trend direction for B&G FOODS INC (BGS) is Bearish.
What is the RSI signal for BGS stock?
B&G FOODS INC (BGS) has an RSI value of 33.8591. This indicates that the stock is currently neutral.
What is the short term momentum for BGS stock?
The short term momentum for B&G FOODS INC (BGS) is negative.
What are the support and resistance levels for B&G FOODS INC (BGS) stock?
B&G FOODS INC (BGS) has a support level at 3.99 and a resistance level at 4.01. Check the full technical report for our detailed analysis of BGS support and resistance levels.