B&G Foods, Inc. (BGS)

B&G Foods stock forecast: buy or sell

B&G Foods stock outlook

  • B&G Foods closed yesterday at $24.97 after growing a 2.13%.
  • B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico.
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Please read:
The thoughts given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the particular scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for education reasons only

B&G Foods stock chart overview

Should I buy B&G Foods stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is BGS stock a buy?

Currently, B&G Foods stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean BGS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell B&G Foods stock?

"To sell or not to sell", if you are holding B&G Foods stock?. In the same way as when we have to buy shares, deciding when is appropiate to sell is not a fickle decision, and we must use our own trading strategy. When selling, as well as buying, our setups are very simple to follow but are only valid for selling stocks in your porfolio, not for shorting B&G Foods stock

A golden rule is that you must never mantain an open trade that yields greater losses than those expected by the time of purchase. When to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell B&G Foods stock?

In the current situation of B&G Foods there is not any eligible sell setup, so B&G Foods stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell B&G Foods stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days, 2 brokerage ratings were published for B&G Foods

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B&G Foods ratings

Brokerage firmRating
Jun 11th, 2020
DA Davidson Neutral
Jun 11th, 2020
Royal Bank of Canada

Technical analysis

SMAs overview

Moving averages are indicators for investors to gauge direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Traders use supports and resistances as a way to identify price points in the stock price action that may work as barriers, containing the price of shares to move up or down. Supports are levels where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it will probably continue descending until finding another support level. On the other hand, a resistance level is where the price tends to find opposition as it moves up. Again, this means that the price is more likely to "rebound" at this level, and if it finally breaches this level, it will rise easily until it meets the next resistance

The current resistances are:

  • R1: $25.40 (1.72% above)
  • R2: $25.44 (1.88% above)
  • R3: $25.60 (2.52% above)
  • The current supports are:

  • S1: $24.96 (-0.04% below)
  • S2: $24.92 (-0.2% below)
  • S3: $24.89 (-0.32% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. It is composed of 3 bands that are drawn superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to plot the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by traders

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for 1 day (weak signal). The RSI value yesterday was 57.99. Since RSI lost the overbought zone, B&G Foods price tanked a 2.99%

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    Earnings and financials

    B&G Foods, Inc. (BGS) reported adjusted EPS for the fiscal Q1 that slightly worsened analysts' expectations. Quarterly EPS was $0.46 per share vs. $0.48. This quarterly report represents an earnings surprise of -4.17%. On the contrary, the company said turnover for this quarter was $449.4 million in line with analysts' forecasts.

    Same quarter last year, reported EPS was $0.44, so recently posted EPS is a gain of 4.55%. Looking at sales, figures rose a 8.88% compared to $412.7M year over year.

    B&G Foods is posting earnings report on late next July. Market expects a per-share earnings of %s of $0.58, compared to previous quarter that was $0.46. Earnings reporting day has a more than usual risk for stock traders as the information disclosed can gap up or down the shares price with very low liquidity and not respecting your buy/stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.

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