AGCO CORP (AGCO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AGCO • US0010841023
We assign a technical rating of 9 out of 10 to AGCO. AGCO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the yearly performance of all stocks, we notice that AGCO is one of the better performing stocks in the market, outperforming 73% of all stocks. On top of that, AGCO also shows a nice and consistent pattern of rising prices.
- AGCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AGCO is lagging the market slightly.
- In the last month AGCO has a been trading in the 105.78 - 118.21 range, which is quite wide. It is currently trading near the high of this range.
- AGCO is part of the Machinery industry. There are 132 other stocks in this industry, AGCO did better than 61% of them.
Besides having an excellent technical rating, AGCO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 116.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 114.68, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
99.14
4 important support areas can be observed.
- A support zone ranging from 112.64 to 114.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 107.73 to 110.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.16 to 103.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 100.14 to 100.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 116.75 to 117.97. 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 | NEUTRAL | NEUTRAL | The long term trend for AGCO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AGCO is up. |
| ChartMill Relative Strength | 73.31 | POSITIVE | AGCO has a high relative strength, it outperformed 73.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AGCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AGCO is above the rising 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) | 64.85 | NEUTRAL | The RSI value for AGCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests AGCO has a positive trend. |
| Stochastics (14,3) | 66.99 | NEUTRAL | The Stochastics value for AGCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for AGCO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.05 | NEUTRAL | The ADX value for AGCO suggests a possible start of a new 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 |
|---|---|---|---|
| 117.98 | 112.63 | 5.35 (4.53%) | 22.05% |
| An entry @117.98. This is a Buy Stop order right above the resistance zone. | An exit @112.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.35 points, which is 4.53%. | When investing 22.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
116.54
+1.87 (+1.63%)
AGCO CORP / AGCO FAQ
What is the technical rating for AGCO stock?
ChartMill assigns a technical rating of 9 / 10 to AGCO.
Can you provide the trend direction for AGCO CORP?
The current trend direction for AGCO CORP (AGCO) is Bearish.
Can you provide the RSI signal for AGCO CORP?
AGCO CORP (AGCO) has an RSI value of 64.8535. This indicates that the stock is currently neutral.
What is the short term momentum for AGCO CORP (AGCO) stock?
The short term momentum for AGCO CORP (AGCO) is positive.