ANDERSONS INC/THE (ANDE) Stock Technical Analysis
NASDAQ:ANDE • US0341641035
Taking everything into account, ANDE scores 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ANDE did better than 93% of all other stocks. We also observe that the gains produced by ANDE over the past year are nicely spread over this period.
- ANDE is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 91% of 38 stocks in the same industry.
- A new 52 week high is currently being made by ANDE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ANDE has a been trading in the 55.72 - 70.00 range, which is quite wide. It is currently trading near the high of this range.
Although ANDE has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
53.97
3 important support areas can be observed.
- Support @59.37 from a horizontal line in the daily time frame.
- Support @56.24 from a trend line in the daily time frame.
- Support @54.52 from a trend line in the daily 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 ANDE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANDE is up. |
| ChartMill Relative Strength | 93.37 | POSITIVE | ANDE has a high relative strength, it outperformed 93.37% 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) | 78 | OVERBOUGHT | The high RSI value suggests ANDE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests ANDE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.67 | OVERBOUGHT | The high Stochastics value suggests ANDE may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ANDE suggests some volalility. |
| Average Directional Index/ADX (14) | 41.58 | POSITIVE | The high ADX value value for ANDE suggests a strong trend. |
68.64
-0.47 (-0.68%)
ANDERSONS INC/THE / ANDE FAQ
What is the ChartMill technical rating of ANDERSONS INC/THE (ANDE) stock?
ChartMill assigns a technical rating of 10 / 10 to ANDE.
What is the trend direction for ANDE stock?
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 77.9955. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ANDERSONS INC/THE?
The short term momentum for ANDERSONS INC/THE (ANDE) is positive.
Can you provide the support and resistance levels for ANDERSONS INC/THE?
ANDERSONS INC/THE (ANDE) has a support level at 59.37. Check the full technical report for our detailed analysis of ANDE support and resistance levels.