B&G FOODS INC. - Daily - Technical analysis published on 10/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 20.00 USD
My targets
17.91 USD (-3.50%)
16.00 USD (-13.79%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on B&G FOODS INC. B&G FOODS INC.. As long as you are under the resistance located at 20.00 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 17.91 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 16.00 USD as an objective. Crossing it would then enable sellers to target 11.64 USD. If the resistance 20.00 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The B&G FOODS INC. B&G FOODS INC. price is 18.56 USD. The price registered a decrease of -1.07% on the session and was between 18.30 USD and 18.79 USD. This implies that the price is at +1.42% from its lowest and at -1.22% from its highest.18.30
18.79
18.56
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of B&G FOODS INC. B&G FOODS INC. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.64 | 16.00 | 17.91 | 18.56 | 20.00 | 22.15 | 23.52 |
| Change (%) | -37.28% | -13.79% | -3.50% | - | +7.76% | +19.34% | +26.72% |
| Change | -6.92 | -2.56 | -0.65 | - | +1.44 | +3.59 | +4.96 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.51 | 17.81 | 18.29 | 18.59 | 19.07 | 19.37 | 19.85 |
| Camarilla | 18.55 | 18.62 | 18.69 | 18.76 | 18.83 | 18.90 | 18.97 |
| Woodie | 17.59 | 17.86 | 18.37 | 18.64 | 19.15 | 19.42 | 19.93 |
| Fibonacci | 17.81 | 18.11 | 18.30 | 18.59 | 18.89 | 19.08 | 19.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.12 | 17.87 | 18.29 | 19.04 | 19.47 | 20.21 | 20.64 |
| Camarilla | 18.40 | 18.50 | 18.61 | 18.72 | 18.82 | 18.93 | 19.04 |
| Woodie | 16.96 | 17.79 | 18.13 | 18.96 | 19.30 | 20.13 | 20.47 |
| Fibonacci | 17.87 | 18.32 | 18.60 | 19.04 | 19.49 | 19.77 | 20.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.38 | 14.84 | 16.87 | 18.33 | 20.37 | 21.83 | 23.86 |
| Camarilla | 17.95 | 18.27 | 18.59 | 18.91 | 19.23 | 19.55 | 19.87 |
| Woodie | 13.67 | 14.98 | 17.16 | 18.48 | 20.66 | 21.97 | 24.15 |
| Fibonacci | 14.84 | 16.17 | 17.00 | 18.33 | 19.67 | 20.49 | 21.83 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.09 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | -3.79 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 19.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.70 | |
| Elder Ray (13): | -0.38 | |
| Super Trend (3,10): | 17.73 | |
| Zig ZAG (10): | 18.56 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 32.91 | |
| TEMA (21): | 19.22 | |
| Williams %R (14): | -73.65 | |
| Chande Momentum Oscillator (20): | -0.76 | |
| Repulse (5,40,3): | -0.5500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 3.87 |
| MA7: | 19.11 | |
| MA20: | 18.93 | |
| MA50: | 18.42 | |
| MA100: | 19.61 | |
| MAexp7: | 18.92 | |
| MAexp20: | 18.83 | |
| MAexp50: | 18.88 | |
| MAexp100: | 19.71 | |
| Price / MA7: | -2.88% | |
| Price / MA20: | -1.95% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | -5.35% | |
| Price / MAexp7: | -1.90% | |
| Price / MAexp20: | -1.43% | |
| Price / MAexp50: | -1.69% | |
| Price / MAexp100: | -5.83% |
News
Don"t forget to follow the news on B&G FOODS INC. B&G FOODS INC.. At the time of publication of this analysis, the latest news was as follows:
- B&G Foods Closes $550.0 Million Public Offering of Senior Notes
- B&G Foods Announces Pricing of Term Loan B Facility
- B&G Foods Announces Pricing and Upsizing of Public Offering of Senior Notes
- B&G Foods Announces Public Offering of Senior Notes
- B&G Foods Announces Proposed Refinancing
This member declared not having a position on this financial instrument or a related financial instrument.
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