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Bunge's 15-Minute Chart Shows MACD Golden Cross, RSI Oversold.
ByAinvest
Monday, Jul 7, 2025 2:40 pm ET1min read
Bunge's 15-minute chart has recently triggered a MACD Golden Cross and an RSI reading of Oversold at 07/07/2025 14:30. This suggests that the stock price has the potential to continue rising, having previously experienced a rapid decline that was lower than its fundamental support level.
Bunge (BG) stock experienced a 1.5% rise in extended trading on Wednesday, following similar gains during the regular session. This surge was driven by the completion of Bunge's long-delayed acquisition of Glencore's Viterra for $8.2 billion. The deal has positioned Bunge as a major player in the global grain market, enabling it to better compete with larger rivals such as ADM and Cargill [1].The acquisition, which closed after receiving regulatory approval from China, the last major antitrust hurdle, has bolstered Bunge's market position. The combined entity now boasts a stronger footprint in key global wheat supplier markets, including Canada and Australia. Bunge CEO Greg Heckman stated, "Together, we’ve formed a stronger organization with enhanced capabilities and expertise to meet the evolving needs of our customers" [1].
Analysts at Fitch Ratings have noted that the acquisition will likely increase Bunge's operating optionality, support greater profit resilience, and lower working capital volatility. The ratings agency also highlighted that significant growth investments should further strengthen Bunge's oilseed platform and expand its exposure to renewable feedstock capacity [1].
Bunge's stock has shown resilience, rising nearly 5% this year. Recently, Bunge's 15-minute chart has triggered a MACD Golden Cross and an RSI reading of Oversold, suggesting that the stock price has the potential to continue rising [2]. This technical indicator suggests that Bunge's stock price has the potential to rebound from a recent decline, which was lower than its fundamental support level.
References:
[1] https://stocktwits.com/news-articles/markets/equity/bunge-stock-gains-after-closing-viterra-deal-fitch-sees-greater-profit-resilience/chFj1pNRcL6
[2] (Provided writing topic)
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