Bunge Limited (BG)
Bunge Limited is a global food and agribusiness company. The company is headquartered in St. Louis, Missouri.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 34.60% per annum.
- BG price at the close of April 29, 2025 was $80.25 and was higher than the top border of the primary price channel by $1.52 (1.93%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.26% per annum.
- BG price at the close of April 29, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of BG price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 4, 2024
End date: April 16, 2025
a = 6.3812
b = -0.0012
s = 0.0542
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -34.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0542) – 1
= 24.21%
April 4, 2024 calculations
Top border of price channel:
Exp(Y988)
= Exp(a + b × X988 + 2 × s)
= Exp(a + b × 1,435 + 2 × s)
= Exp(6.3812 + -0.0012 × 1,435 + 2 × 0.0542)
= Exp(4.8199)
= $123.95
Bottom border of price channel:
Exp(Y988)
= Exp(a + b × X988 – 2 × s)
= Exp(a + b × 1,435 – 2 × s)
= Exp(6.3812 + -0.0012 × 1,435 – 2 × 0.0542)
= Exp(4.6031)
= $99.79
April 16, 2025 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(6.3812 + -0.0012 × 1,812 + 2 × 0.0542)
= Exp(4.3812)
= $79.93
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(6.3812 + -0.0012 × 1,812 – 2 × 0.0542)
= Exp(4.1644)
= $64.35
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 34.60% per annum.
- BG price at the close of April 29, 2025 was $80.25 and was higher than the top border of the primary price channel by $1.52 (1.93%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 5, 2025
End date: April 29, 2025
a = 1.4544
b = 0.0016
s = 0.0261
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 79.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0261) – 1
= 11.00%
February 5, 2025 calculations
Top border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 + 2 × s)
= Exp(a + b × 1,742 + 2 × s)
= Exp(1.4544 + 0.0016 × 1,742 + 2 × 0.0261)
= Exp(4.2923)
= $73.13
Bottom border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 – 2 × s)
= Exp(a + b × 1,742 – 2 × s)
= Exp(1.4544 + 0.0016 × 1,742 – 2 × 0.0261)
= Exp(4.1879)
= $65.89
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.4544 + 0.0016 × 1,825 + 2 × 0.0261)
= Exp(4.4250)
= $83.51
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.4544 + 0.0016 × 1,825 – 2 × 0.0261)
= Exp(4.3207)
= $75.24
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.26% per annum.
- BG price at the close of April 29, 2025 was inside the secondary price channel.