ADECOAGRO SA (AGRO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AGRO - LU0584671464 - Common Stock
We assign a technical rating of 7 out of 10 to AGRO. AGRO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- AGRO is part of the Food Products industry. There are 87 other stocks in this industry. AGRO outperforms 73% of them.
- In the last month AGRO has a been trading in the 7.53 - 9.03 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, AGRO turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- AGRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AGRO is lagging the market.
Although AGRO has an excellent technical rating, it does not present a decent entry opportunity 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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7.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.45 to 8.54. 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 8.00 to 8.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.69 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @10.78 from a trend line in the weekly time frame.
- Resistance @11.57 from a horizontal line in the weekly time frame.
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 AGRO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AGRO is up. |
| ChartMill Relative Strength | 54.98 | NEUTRAL | AGRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AGRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AGRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AGRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.99 | NEUTRAL | The RSI value for AGRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests AGRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.59 | OVERBOUGHT | The high Stochastics value suggests AGRO may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for AGRO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for AGRO suggests a weak or negative trend. |
8.93
+0.01 (+0.11%)
ADECOAGRO SA / AGRO FAQ
What is the technical rating for AGRO stock?
ChartMill assigns a technical rating of 7 / 10 to AGRO.
Can you provide the trend direction for ADECOAGRO SA?
The current trend direction for ADECOAGRO SA (AGRO) is Bearish.
Can you provide the RSI signal for ADECOAGRO SA?
ADECOAGRO SA (AGRO) has an RSI value of 64.9918. This indicates that the stock is currently neutral.
What is the MACD signal for ADECOAGRO SA (AGRO) stock?
The MACD indicator for ADECOAGRO SA (AGRO) has a value of 0.0951332, indicating a bearish trend.