B&G FOODS INC (BGS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BGS - US05508R1068 - Common Stock
Taking everything into account, BGS scores 3 out of 10 in our technical rating. In the past year, BGS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
BGS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 4.52, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.87
We found 3 important support areas.
- A support zone ranging from 4.42 to 4.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.99 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.91 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.52 to 4.53. 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 4.61 to 4.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.78 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 | UP | POSITIVE | The short term trend for BGS is up. |
| ChartMill Relative Strength | 16.08 | NEGATIVE | BGS has a low relative strength, it was outperformed by 83.92% 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) | UP | POSITIVE | The current price of BGS is above the rising 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) | 51.92 | NEUTRAL | The RSI value for BGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BGS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.3 | NEUTRAL | The Stochastics value for BGS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for BGS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for BGS suggests a weak or negative trend. |
4.52
-0.01 (-0.22%)
B&G FOODS INC / BGS FAQ
What is the technical rating for BGS stock?
ChartMill assigns a technical rating of 3 / 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 51.9205. 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 positive.
What are the support and resistance levels for B&G FOODS INC (BGS) stock?
B&G FOODS INC (BGS) has a support level at 4.52 and a resistance level at 4.52. Check the full technical report for our detailed analysis of BGS support and resistance levels.