B&G Foods Technical Analysis (NYSE:BGS)
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 BGS stock chart pattern can give those who understand technical analysis an indication of which way BGS stock is headed, but cannot predict with 100% certainty as to what can happen to the B&G Foods stock price.
See B&G Foods bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for B&G Foods stock analysis that does not care for the fair value of a company but uses price and volume data only.
B&G Foods Moving Average
Moving averages help predict the price direction of BGS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $28.39 is below the last closing price of $29.95 and the 50 day moving average of $26.18 is below the last closing price of $29.95. The 10 and 20 day periods can predict short term moving average trends.
B&G Foods Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like B&G Foods. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. B&G Foods bollinger bands show that the stock price is $29.95, upper band is 30.56, lower band is 26.21, and the average is 28.39.
B&G Foods Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The B&G Foods MACD indicator is below 0 indicating a bearish trend.
B&G Foods Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 73.86 is the RSI value of BGS stock.