AFN Technical Analysis - AG GROWTH INTERNATIONAL INC

Technical Rating and Analysis

Overall AFN gets a technical rating of 0 out of 10. AFN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

95% of all other stocks performed better in the past year than AFN.

AFN is one of the lesser performing stocks in the Machinery industry. 80% of 22 stocks in the same industry do better.

AFN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month AFN has a been trading in the 34.00 - 38.94 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AG GROWTH INTERNATIONAL INC / AFN Weekly stock chart

AG GROWTH INTERNATIONAL INC / AFN Daily stock chart

Setup Rating and Analysis

The technical rating of AFN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

33.66

43.88

3 important resistance areas can be observed.

A resistance zone ranging from 35.87 to 36.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 37.46 to 38.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 43.31 to 43.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for AFN.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AFN.CA is down.
ChartMill Relative Strength	5.96	NEGATIVE	AFN.CA has a low relative strength, it was outperformed by 94.04% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AFN.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AFN.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AFN.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	25.96	OVERSOLD	The low RSI value suggests AFN.CA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests AFN.CA has a negative trend.
Stochastics (14,3)	4.16	OVERSOLD	The low Stochastics value suggests AFN.CA may be oversold.
Average True Range in percent/ATR (20)	2.49	MEDIUM VOLATILITY	The ATR as a percentage value for AFN.CA suggests some volalility.
Average Directional Index/ADX (14)	38.81	POSITIVE	The high ADX value value for AFN.CA suggests a strong trend.