ADECOAGRO SA (AGRO) Stock Technical Analysis
USA - NYSE:AGRO - LU0584671464 - Common Stock
We assign a technical rating of 0 out of 10 to AGRO. 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.
Although the technical rating is bad, AGRO does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for AGRO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.34
2 important support areas can be observed.
- A support zone ranging from 7.54 to 7.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.82 to 7.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.51 from a horizontal line in the daily time frame.
- Resistance @10.98 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 | DOWN | NEGATIVE | The long term trend for AGRO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AGRO is neutral. |
| ChartMill Relative Strength | 9.41 | NEGATIVE | AGRO has a low relative strength, it was outperformed by 90.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AGRO is above 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) | 49.23 | NEUTRAL | The RSI value for AGRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AGRO has a positive trend. |
| Stochastics (14,3) | 62.9 | NEUTRAL | The Stochastics value for AGRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for AGRO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.25 | NEUTRAL | The ADX value for AGRO suggests a possible start of a new trend. |
7.81
-0.06 (-0.76%)
ADECOAGRO SA / AGRO FAQ
What is the technical rating for AGRO stock?
ChartMill assigns a technical rating of 0 / 10 to AGRO.
What is the trend direction for AGRO stock?
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 49.225. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ADECOAGRO SA?
ADECOAGRO SA (AGRO) has a support level at 7.71 and a resistance level at 7.82. Check the full technical report for our detailed analysis of AGRO support and resistance levels.