Bunge Technical Analysis (NYSE:BG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Bunge stock price data and volume are plotted in BG stock charts and these trading charts form the basis of technical analysis.
See Bunge bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Bunge stock analysis using these technical indicators helps identify trading opportunities.
Bunge Moving Average:
Moving averages show the average price of BG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer BG stock price movement for the moving average to change course.
Bunge Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the BG stock. Currently the stock price of $80.13 is in the lower range of Bunge bollinger bands.
Bunge Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Bunge MACD indicator can be used to identify bullish and bearish trends for the stock.
Bunge Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .