ADECOAGRO SA (AGRO) Stock Technical Analysis
NYSE:AGRO - New York Stock Exchange, Inc. - LU0584671464 - Common Stock - Currency: USD
Taking everything into account, AGRO scores 0 out of 10 in our technical rating. AGRO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, AGRO is a bad performer in the overall market: 82% of all stocks are doing better.
AGRO 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.
In the last month AGRO has a been trading in the 8.99 - 9.62 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 part of the Food Products industry. There are 90 other stocks in this industry, AGRO did better than 42% of them.
Considerably lower volume is observed in the last couple of days.
AGRO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
8.72
11.85
When analyzing the support we can see 2 important areas.
- Support @9.01 from a horizontal line in the weekly time frame.
- Support @8.81 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.28 to 9.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.64 to 11.73. 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 | DOWN | NEGATIVE | The long term trend for AGRO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AGRO is down. |
| ChartMill Relative Strength | 18.44 | NEGATIVE | AGRO has a low relative strength, it was outperformed by 81.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AGRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AGRO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AGRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.87 | NEUTRAL | The RSI value for AGRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AGRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.06 | NEUTRAL | The Stochastics value for AGRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for AGRO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.24 | NEGATIVE | The low ADX value for AGRO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.25
-0.02 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.22%
1 Week-3.34%
2 Weeks1.09%
1 Month-2.63%
3 Month-18.57%
6 Month-2.32%
12 Month-4.93%
2 Year-1.18%
3 Year9.34%
5 Year113.13%
10 Year0.33%
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%2.33%
ATR Inc-6.54%
Range Today0.17
ADR(20)0.21
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.44
Mansfield-1.54
10 Day High9.6
10 Day Low9.15
20 Day High9.62
20 Day Low8.99
52 Week High12.08
52 Week Low8.45
CS1 End9.01
CR1 Start9.28
Volume & EV
DER(3)2.23%
DER(5)2.26%
Volume314.20K
Volume Incr-42.27%
Vol(5)330.04K
Vol(50)859.35K