BGEPF Forecast and Technical Stock Analysis
Buy candidate since 2019-08-16
Bunge Ltd gained 0.58% in the last trading day ( Friday, 16th Aug 2019 ), rising from $99.42 to $100.00 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.24% from a day low at $99.95 to a day high of $102.19. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 151 890 more shares were traded than the day before. In total, 162 720 shares bought and sold for approximately $16.27 million.
- 30 day high of the BGEPF stock price was $104.14 and low was $98.75.
- 90 day high was $104.14 and low was $97.01.
- 52 week high for Bunge Ltd - $110.00 and low - $94.51.
Bunge Ltd lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $98.83 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.51% during the next 3 months and, with 90% probability hold a price between $101.31 and $107.46 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Bunge Ltd holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $100.88. On a fall, the stock will find some support from the short-term average at $99.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 41 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Bunge Ltd finds support from accumulated volume at $99.95.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.24 (2.24%) between high and low. For the last week, the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: $94.11 (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
0.95 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!