Bunge Limited Stock Forecast

Sell candidate since Jan 16, 2025 Loss -0.97%

The Bunge Limited stock price fell by -1.14% on the last day (Tuesday, 21st Jan 2025) from $79.54 to $78.63. During the last trading day the stock fluctuated 1.63% from a day low at $78.34 to a day high of $79.62. The price has fallen in 6 of the last 10 days but is still up by 1.75% over the past 2 weeks. Volume has increased on the last day by 38 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $109.90 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.70% during the next 3 months and, with a 90% probability hold a price between $64.84 and $72.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BG Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 30, 2024, and so far it has risen 2.26%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bunge Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $80.40 and $81.49. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Bunge Limited stock

Bunge Limited finds support from accumulated volume at $78.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.28 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 2.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BG) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Bunge Limited to open at $78.86, and during the day (based on 14 day Average True Range), to move between $76.74 and $80.52, which gives a possible trading interval of +/-$1.89 (+/-2.40%) up or down from last closing price. If Bunge Limited takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $78.06 (0.72%) than the resistance at $85.86 (9.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Dividend Warning For BG

Dividend coming up for BG: Ex-dividend date (Tuesday 18th February, 2025) is 27 days away. The dividend is $0.680.

Is Bunge Limited stock A Buy?

Bunge Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.665 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $78.86 ( 0.297%).