B&G FOODS INC (BGS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BGS - US05508R1068 - Common Stock
Taking everything into account, BGS scores 2 out of 10 in our technical rating. 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.
BGS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BGS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3.87
4 important support areas can be observed.
- Support @4.60 from a trend line in the weekly time frame.
- A support zone ranging from 4.36 to 4.46. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.67 to 4.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.86 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 | NEUTRAL | NEUTRAL | The short term trend for BGS is neutral. |
| ChartMill Relative Strength | 19.01 | NEGATIVE | BGS has a low relative strength, it was outperformed by 80.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BGS is above 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) | 52.87 | NEUTRAL | The RSI value for BGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.47 | NEUTRAL | The Stochastics value for BGS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for BGS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for BGS suggests a weak or negative trend. |
4.61
+0.1 (+2.22%)
B&G FOODS INC / BGS FAQ
What is the technical rating for BGS stock?
ChartMill assigns a technical rating of 2 / 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 52.8747. 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 neutral.
What are the support and resistance levels for B&G FOODS INC (BGS) stock?
B&G FOODS INC (BGS) has a support level at 4.46 and a resistance level at 4.6. Check the full technical report for our detailed analysis of BGS support and resistance levels.