ADECOAGRO SA (AGRO) Stock Technical Analysis
NYSE:AGRO • LU0584671464
Taking everything into account, AGRO scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, AGRO is a bad performer.
- When comparing the yearly performance of all stocks, AGRO is a bad performer in the overall market: 72% of all stocks are doing better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- In the last month AGRO has a been trading in the 8.19 - 9.23 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- AGRO is an average performer in the Food Products industry, it outperforms 54% of 87 stocks in the same industry.
- 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.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, AGRO does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 8.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.72, a Stop Loss order could be placed below this zone.
More info and screens
8.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.56 to 8.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.28 to 8.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.80 to 9.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.72 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 | UP | POSITIVE | The long term trend for AGRO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AGRO is neutral. |
| ChartMill Relative Strength | 28.42 | NEGATIVE | AGRO has a low relative strength, it was outperformed by 71.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AGRO is below 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) | 53.8 | NEUTRAL | The RSI value for AGRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AGRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.33 | NEUTRAL | The Stochastics value for AGRO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for AGRO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for AGRO suggests a weak or negative 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 |
|---|---|---|---|
| 9.24 | 8.55 | 0.69 (7.47%) | 13.39% |
| An entry @9.24. This is a Buy Stop order right above the resistance zone. | An exit @8.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.69 points, which is 7.47%. | For a 1.00% total portfolio risk, you can invest 13.39% of your capital in this trade. |
- 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.
8.75
+0.1 (+1.16%)
ADECOAGRO SA / AGRO FAQ
What is the technical rating for AGRO stock?
ChartMill assigns a technical rating of 6 / 10 to AGRO.
Can you provide the trend direction for ADECOAGRO SA?
The current trend direction for ADECOAGRO SA (AGRO) is Bullish.
Can you provide the RSI signal for ADECOAGRO SA?
ADECOAGRO SA (AGRO) has an RSI value of 53.804. 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 -0.0394887, indicating a bearish trend.