AGF Technical Analysis - PowerShares DB Agriculture Long ETN

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to AGF. AGF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, AGF is a bad performer in the overall market: 87% of all stocks are doing better.

AGF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: AGF has an average volume of 568 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month AGF has a been trading in the 7.94 - 9.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PowerShares DB Agriculture Long ETN / AGF Weekly stock chart

PowerShares DB Agriculture Long ETN / AGF Daily stock chart

Setup Rating and Analysis

AGF has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.85

12.43

We found 2 important support areas.

A support zone ranging from 8.21 to 8.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.93 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 9.99 to 9.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @12.31 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for AGF is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AGF is down.
ChartMill Relative Strength	13.63	NEGATIVE	AGF has a low relative strength, it was outperformed by 86.37% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AGF is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of AGF is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AGF is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.61	NEUTRAL	The RSI value for AGF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests AGF has a positive trend, although the MACD value is declining.
Stochastics (14,3)	59.68	NEUTRAL	The Stochastics value for AGF is a neutral value.
Average True Range in percent/ATR (20)	3.61	MEDIUM VOLATILITY	The ATR as a percentage value for AGF suggests some volalility.