RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BG
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Stronger technical forecast for Bunge Limited stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 12.01% PDF

The Bunge Limited stock price gained 2.56% on the last trading day (Wednesday, 27th Mar 2024), rising from $99.86 to $102.42. During the last trading day the stock fluctuated 2.41% from a day low at $100.21 to a day high of $102.63. The price has risen in 6 of the last 10 days and is up by 8.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 791 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $169.44 million.

Given the current horizontal trend, you can expect Bunge Limited stock with a 90% probability to be traded between $87.56 and $103.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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BG Signals & Forecast

Mostly positive signals in the chart today. The Bunge Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $99.53 and $93.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 18.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Bunge Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $90.66 and $88.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bunge Limited finds support just below today's level at $90.66. If this is broken, then the next support from accumulated volume will be at $88.76 and $87.95.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.42 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.00%.

The Bunge Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $99.02 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (BG) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Bunge Limited to open at $101.75, and during the day (based on 14 day Average True Range), to move between $100.44 and $104.40, which gives a possible trading interval of +/-$1.98 (+/-1.93%) up or down from last closing price. If Bunge Limited takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $90.66, some $11.76 (11.48%) from the current price of $102.42, our system finds the risk reward attractive.

Is Bunge Limited stock A Buy?

Bunge Limited holds several positive signals and is considered to be a good choice at current levels. We expect the Bunge Limited stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.010 Strong Buy Candidate Upgraded

Predicted Opening Price for Bunge Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$101.75 ( 0.651%) $102.42

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 104.17 1.71 %
R2 103.25 0.81 %
R1 102.68 0.252 %
Current price: 102.42
Support S1 100.83 -1.55 %
S2 100.26 -2.11 %
S3 99.33 -3.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 102.42
Support S1 90.66 -11.48%
S2 88.76 -13.34%
S3 87.95 -14.13%

BG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 02, 2023 Feb 15, 2024 Mar 01, 2024 $0.663 0.712%
2 Aug 17, 2023 Nov 16, 2023 Dec 01, 2023 $0.660 0.604%
3 May 11, 2023 Aug 17, 2023 Sep 01, 2023 $0.663 0.576%
4 Feb 22, 2023 May 18, 2023 Sep 01, 2023 $0.625 0.543%
5 Nov 14, 2022 Feb 15, 2023 Mar 02, 2023 $0.625 0.641%

FAQ

What is the symbol for Bunge Limited Stock and on which exchange is it traded?
The symbol for Bunge Limited is BG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Bunge Limited Stock?
Bunge Limited holds several positive signals and is considered to be a good choice at current levels. We expect the Bunge Limited stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy Bunge Limited Stock?
Bunge Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bunge Limited Stock.

What's the current price of Bunge Limited Stock?
As of the end of day on the 2024-03-27, the price of an Bunge Limited (BG) share was $102.42.

What is the 52-week high and low for Bunge Limited Stock?
The 52-week high for Bunge Limited Stock is $116.59 and the 52-week low is $86.10.

What is the market capitalization of Bunge Limited Stock?
As of the 2024-03-27, the market capitalization of Bunge Limited is 14.689B.

When is the next earnings date for Bunge Limited?
The upcoming earnings date for Bunge Limited is May 01, 2024.
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About Bunge Limited

Bunge Limited Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and processes oilseed... BG Profile

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