AGLX Technical Analysis - AGILYX ASA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to AGLX. AGLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

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

AGLX is part of the Commercial Services & Supplies industry. There are 41 other stocks in this industry, of which 67% are performing better than AGLX.

AGLX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month AGLX has a been trading in the 23.00 - 25.10 range, which is quite wide. It is currently trading near the lows of this range.

Warning: AGLX has an average volume of 12511 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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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

AGLX 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

22.77

29.80

We can see 4 important resistance areas.

A resistance zone ranging from 23.14 to 23.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 23.92 to 25.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @26.19 from a trend line in the daily time frame.
Resistance @29.50 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 AGLX.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AGLX.OL is down.
ChartMill Relative Strength	13.52	NEGATIVE	AGLX.OL has a low relative strength, it was outperformed by 86.48% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AGLX.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AGLX.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AGLX.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.57	NEUTRAL	The RSI value for AGLX.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests AGLX.OL has a negative trend.
Stochastics (14,3)	12.7	OVERSOLD	The low Stochastics value suggests AGLX.OL may be oversold.
Average True Range in percent/ATR (20)	2.34	MEDIUM VOLATILITY	The ATR as a percentage value for AGLX.OL suggests some volalility.
Average Directional Index/ADX (14)	19.01	NEGATIVE	The low ADX value for AGLX.OL suggests a weak or negative trend.