B&G FOODS INC (BGS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BGS - US05508R1068 - Common Stock
Overall BGS gets a technical rating of 6 out of 10. In the last year, BGS was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, BGS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
3.98
We found 2 important support areas.
- Support @4.24 from a horizontal line in the daily time frame.
- A support zone ranging from 4.02 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 4.75 to 4.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BGS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGS is up. |
| ChartMill Relative Strength | 17.42 | NEGATIVE | BGS has a low relative strength, it was outperformed by 82.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.4 | NEUTRAL | The RSI value for BGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BGS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.48 | NEUTRAL | The Stochastics value for BGS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for BGS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for BGS suggests a weak or negative trend. |
4.72
-0.02 (-0.42%)
B&G FOODS INC / BGS FAQ
What is the technical rating for BGS stock?
ChartMill assigns a technical rating of 6 / 10 to BGS.
What is the current trend direction of B&G FOODS INC (BGS) stock?
The current trend direction for B&G FOODS INC (BGS) is Bearish.
What is the RSI signal for BGS stock?
B&G FOODS INC (BGS) has an RSI value of 56.3987. This indicates that the stock is currently neutral.
What is the short term momentum for BGS stock?
The short term momentum for B&G FOODS INC (BGS) is positive.
What are the support and resistance levels for B&G FOODS INC (BGS) stock?
B&G FOODS INC (BGS) has a support level at 4.24 and a resistance level at 4.75. Check the full technical report for our detailed analysis of BGS support and resistance levels.