Taking everything into account, ANDE scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ANDE is showing a nice and steady performance.
Besides having an excellent technical rating, ANDE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 51.83. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.67
6 important support areas can be observed.
- Support @49.35 from a horizontal line in the daily time frame.
- Support @44.74 from a trend line in the daily time frame.
- Support @41.09 from a horizontal line in the daily time frame.
- Support @39.18 from a trend line in the daily time frame.
- Support @38.14 from a horizontal line in the daily time frame.
- Support @34.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.83 to 52.65. 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 | UP | POSITIVE | The long term trend for ANDE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANDE is up. |
| ChartMill Relative Strength | 85.18 | POSITIVE | ANDE has a high relative strength, it outperformed 85.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANDE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANDE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANDE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.24 | NEUTRAL | The RSI value for ANDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests ANDE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.57 | NEUTRAL | The Stochastics value for ANDE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ANDE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.35 | NEGATIVE | The low ADX value for ANDE 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 |
|---|---|---|---|
| 52.66 | 49.34 | 3.32 (6.30%) | 15.86% |
| An entry @52.66. This is a Buy Stop order right above the resistance zone. | An exit @49.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.32 points, which is 6.30%. | When investing 15.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
51.82
+2.46 (+4.98%)
ANDERSONS INC/THE / ANDE FAQ
What is the ChartMill technical rating of ANDERSONS INC/THE (ANDE) stock?
ChartMill assigns a technical rating of 9 / 10 to ANDE.
Can you provide the trend direction for ANDERSONS INC/THE?
The current trend direction for ANDERSONS INC/THE (ANDE) is Bullish.
Can you provide the RSI signal for ANDERSONS INC/THE?
ANDERSONS INC/THE (ANDE) has an RSI value of 60.2367. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ANDERSONS INC/THE?
The MACD indicator for ANDERSONS INC/THE (ANDE) has a value of -0.250531, indicating a bearish trend.
What is the short term momentum for ANDERSONS INC/THE (ANDE) stock?
The short term momentum for ANDERSONS INC/THE (ANDE) is positive.