ALTIMETER GROWTH CORP 2-A (AGCB) Stock Technical Analysis
USA - NYSE:AGCB - KYG0371B1095 - Common Stock
We assign a technical rating of 8 out of 10 to AGCB. 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.
Besides having an excellent technical rating, AGCB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
9.61
We found 1 important support 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.
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. |
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.
NYSE:AGCB (12/20/2022, 8:13:18 PM)
10.105
+0 (+0.05%)
ALTIMETER GROWTH CORP 2-A / AGCB 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 trend direction for AGCB stock?
The current trend direction for ALTIMETER GROWTH CORP 2-A (AGCB) is Bullish.
What is the RSI signal for 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 ALTIMETER GROWTH CORP 2-A (AGCB) stock?
The MACD indicator for ALTIMETER GROWTH CORP 2-A (AGCB) has a value of 0.00128258, indicating a bearish trend.
Can you provide the short term momentum for ALTIMETER GROWTH CORP 2-A?
The short term momentum for ALTIMETER GROWTH CORP 2-A (AGCB) is positive.