AFRICAN GOLD ACQUISITION C-A (AGAC) Technical Analysis
NYSE:AGAC • KYG0112R1083
Current stock price
AGAC Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to AGAC. Although AGAC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: AGAC has an average volume of 8870 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by AGAC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so AGAC is leading the market.
- When comparing the performance of all stocks over the past year, AGAC turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- In the last month AGAC has a been trading in a tight range between 10.47 and 10.69.
- Considerably lower volume is observed in the last couple of days.
AGAC Weekly and Daily overview Charts
AGAC Setup Rating and Analysis
AGAC has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
AGAC Support and Resistance Analysis
9.53
We found 3 important support areas.
- A support zone ranging from 10.52 to 10.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.30 from a horizontal line in the daily time frame.
- A support zone ranging from 9.63 to 9.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.70 to 10.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
AGAC 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 | UP | POSITIVE | The long term trend for AGAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AGAC is up. |
| ChartMill Relative Strength | 64.45 | NEUTRAL | AGAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AGAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AGAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AGAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.74 | OVERBOUGHT | The high RSI value suggests AGAC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AGAC has a positive trend. |
| Stochastics (14,3) | 98.48 | OVERBOUGHT | The high Stochastics value suggests AGAC may be overbought. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for AGAC suggests low volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for AGAC suggests a weak or negative trend. |
AGAC Chart- and CandleStick Pattern Analysis
AGAC Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.71 | 10.56 | 0.15 (1.40%) | 25.00% |
| An entry @10.71. This is a Buy Stop order right above the resistance zone. | An exit @10.56. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.15 points, which is 1.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.35%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AGAC Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:AGAC (8/21/2023, 7:24:42 PM)
10.69
0 (0%)
AFRICAN GOLD ACQUISITION C-A / AGAC TA FAQ
Can you provide the ChartMill technical rating for AFRICAN GOLD ACQUISITION C-A?
ChartMill assigns a technical rating of 7 / 10 to AGAC.
Can you provide the trend direction for AFRICAN GOLD ACQUISITION C-A?
The current trend direction for AFRICAN GOLD ACQUISITION C-A (AGAC) is Bullish.
What is the RSI signal for AGAC stock?
AFRICAN GOLD ACQUISITION C-A (AGAC) has an RSI value of 71.737. This indicates that the stock is currently overbought.
Can you provide the MACD signal for AFRICAN GOLD ACQUISITION C-A?
The MACD indicator for AFRICAN GOLD ACQUISITION C-A (AGAC) has a value of 0.00441318, indicating a bearish trend.
What is the short term momentum for AGAC stock?
The short term momentum for AFRICAN GOLD ACQUISITION C-A (AGAC) is positive.