Today BGEPF ranks # as BUY CANDIDATE.
Today BGEPF ranks # as BUY CANDIDATE.

BGEPF stock Bunge Ltd

BGEPF stock
Bunge Ltd

March 22, 2019
Change 1.03%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will BGEPF stock price go up or down on Tue, 26 Mar 2019?

Bunge Ltd Forecast and Stock Analysis

Technical BGEPF stock analysis for March 22, 2019.

Buy candidate since 2019-03-22

Bunge Ltd gained 1.03% in the last trading day, rising from $97.50 to $98.50 The price has risen in 5 of the last 10 days and is up by 1.87% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 080 more shares were traded than the day before. In total, 6 108 shares bought and sold for approximately $601 638.00.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the BGEPF stock was $98.50. This is 1.03% more than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 1.47% from a day low at $97.07 to a day high of $98.50.

30 day high of the BGEPF stock price was $99.50 and low was $94.51.
90 day high was $102.28 and low was $94.51.
52 week high for the Bunge Ltd - $115.09 and low - $94.51.

Trend

Given the current horizontal trend you can expect Bunge Ltd with 90% probability to be traded between $93.36 and $99.54 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Only positive signals in the chart today. Bunge Ltd holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $97.60 and $97.71. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 07, 2019, which indicates further gains until a new top pivot has been found. Bunge Ltd has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

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Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Bunge Ltd finds support from accumulated volume at $97.50.

Support: $97.50 Price: $98.50 Resistance: $98.75

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.43 (1.47%) between high and low. For the last week, the stock has had a daily average volatility of 0.88%.

Our recommended stoploss: $93.05 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals 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 period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Today BGEPF ranks # as BUY CANDIDATE.
Today BGEPF ranks # as BUY CANDIDATE.