AGCO Technical Analysis - AGCO CORP

Technical Rating and Analysis

Taking everything into account, AGCO scores 1 out of 10 in our technical rating. AGCO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month AGCO has a been trading in the 104.36 - 112.46 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, AGCO turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.

AGCO is part of the Machinery industry. There are 129 other stocks in this industry, AGCO did better than 53% of them.

AGCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AGCO is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, AGCO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 104.86, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

103.81

119.15

We found 1 important support area.

A support zone ranging from 104.86 to 104.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 108.36 to 108.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 116.28 to 117.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for AGCO is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AGCO is down.
ChartMill Relative Strength	45.94	NEUTRAL	AGCO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AGCO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AGCO is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AGCO is above the rising SMA(200).
Relative Strength Index/RSI (14)	38.51	NEUTRAL	The RSI value for AGCO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.34	NEGATIVE	The MACD value suggests AGCO has a negative trend.
Stochastics (14,3)	22.92	NEUTRAL	The Stochastics value for AGCO is a neutral value.
Average True Range in percent/ATR (20)	2.68	MEDIUM VOLATILITY	The ATR as a percentage value for AGCO suggests some volalility.
Average Directional Index/ADX (14)	9.2	NEGATIVE	The low ADX value for AGCO suggests a weak or negative trend.