ALTIMETER GROWTH CORP 2-A (AGCB) Technical Analysis
NYSE:AGCB • KYG0371B1095
Current stock price
AGCB Technical Rating and Analysis
Taking everything into account, AGCB scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, AGCB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, AGCB did better than 77% of all other stocks.
- AGCB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AGCB has a been trading in a tight range between 9.99 and 10.11.
- Considerably lower volume is observed in the last couple of days.
AGCB Weekly and Daily overview Charts
AGCB Setup Rating and Analysis
AGCB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.09, a Stop Loss order could be placed below this zone.
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AGCB Support and Resistance Analysis
9.61
When analyzing the support we notice one important area.
- A support zone ranging from 9.71 to 10.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.12 to 10.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
AGCB 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 AGCB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AGCB is up. |
| ChartMill Relative Strength | 77.21 | POSITIVE | AGCB has a high relative strength, it outperformed 77.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AGCB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AGCB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AGCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.6 | OVERBOUGHT | The high RSI value suggests AGCB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AGCB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.92 | OVERBOUGHT | The high Stochastics value suggests AGCB may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for AGCB suggests low volalility. |
| Average Directional Index/ADX (14) | 34.35 | POSITIVE | The high ADX value value for AGCB suggests a strong trend. |
AGCB Chart- and CandleStick Pattern Analysis
AGCB 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 |
|---|---|---|---|
| 10.13 | 10.06 | 0.07 (0.69%) | 25.00% |
| An entry @10.13. This is a Buy Stop order right above the resistance zone. | An exit @10.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.69%. | For a 0.17% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
AGCB Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:AGCB (12/20/2022, 8:13:18 PM)
10.105
+0 (+0.05%)
ALTIMETER GROWTH CORP 2-A / AGCB TA FAQ
What is the ChartMill technical rating of ALTIMETER GROWTH CORP 2-A (AGCB) stock?
ChartMill assigns a technical rating of 8 / 10 to AGCB.
What is the current trend direction of ALTIMETER GROWTH CORP 2-A (AGCB) stock?
The current trend direction for ALTIMETER GROWTH CORP 2-A (AGCB) is Bullish.
What is the RSI signal for ALTIMETER GROWTH CORP 2-A (AGCB) stock?
ALTIMETER GROWTH CORP 2-A (AGCB) has an RSI value of 71.5959. This indicates that the stock is currently overbought.
What is the MACD signal for AGCB stock?
The MACD indicator for ALTIMETER GROWTH CORP 2-A (AGCB) has a value of 0.00128258, indicating a bearish trend.
What is the buy/sell signal for AGCB stock?
The buy/sell signal for ALTIMETER GROWTH CORP 2-A (AGCB) is buy as both the short term and long term trends are positive.