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 BGS
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Evaluation of B&G Foods Inc stock downgraded after the last trading session.
(Updated on Feb 26, 2024)


Sell candidate since Feb 26, 2024 PDF
The B&G Foods Inc stock price fell by -0.636% on the last day (Monday, 26th Feb 2024) from $9.43 to $9.37. During the last trading day the stock fluctuated 2.21% from a day low at $9.28 to a day high of $9.49. The price has fallen in 6 of the last 10 days and is down by -3.5% for this period. Volume has increased on the last day by 256 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 $9.48 million.

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The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.11% during the next 3 months and, with a 90% probability hold a price between $9.04 and $10.59 at the end of this 3-month period.

BGS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 0.321%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The B&G Foods Inc 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 $9.63 and $10.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Support, Risk & Stop-loss for B&G Foods Inc stock

B&G Foods Inc finds support from accumulated volume at $9.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.205 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.87%.

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

Trading Expectations (BGS) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect B&G Foods Inc to open at $9.38, and during the day (based on 14 day Average True Range), to move between $9.01 and $9.73, which gives a possible trading interval of +/-$0.359 (+/-3.83%) up or down from last closing price. If B&G Foods Inc takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.36 (0.11%) than the resistance at $9.95 (6.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is B&G Foods Inc stock A Buy?

B&G Foods Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.149 Open Broker Account

Sell Candidate Downgraded

Predicted Opening Price for B&G Foods Inc of Tuesday, February 27, 2024

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

Fair opening price February 27, 2024 Current price
$9.38 ( 0.0889%) $9.37

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.58 2.28 %
R2 9.51 1.44 %
R1 9.46 0.92 %
Current price: 9.37
Support S1 9.30 -0.747 %
S2 9.25 -1.26 %
S3 9.17 -2.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.00 17.40 %
R2 10.53 12.38 %
R1 9.95 6.19 %
Current price 9.37
Support S1 9.36 -0.107%
S2 9.34 -0.320%
S3 9.26 -1.17%
What is the symbol for B&G Foods Inc Stock and on which exchange is it traded?
The symbol for B&G Foods Inc is BGS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell B&G Foods Inc Stock?
B&G Foods Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy B&G Foods Inc Stock?
B&G Foods Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy B&G Foods Inc Stock.

What's the current price of B&G Foods Inc Stock?
As of the end of day on the 2024-02-26, the price of an B&G Foods Inc (BGS) share was $9.37.

What is the 52-week high and low for B&G Foods Inc Stock?
The 52-week high for B&G Foods Inc Stock is $16.68 and the 52-week low is $7.20.

What is the market capitalization of B&G Foods Inc Stock?
As of the 2024-02-26, the market capitalization of B&G Foods Inc is 741.428M.

When is the next earnings date for B&G Foods Inc?
The upcoming earnings date for B&G Foods Inc is Feb 27, 2024.

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About B&G Foods Inc

B&G Foods B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syru... BGS Profile

BGS Dividend Data

6.72%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Quarterly
Amount Per Share $0.190
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