AGORA INC-ADR (API) Stock Technical Analysis
NASDAQ:API - Nasdaq - US00851L1035 - ADR - Currency: USD
Overall API gets a technical rating of 5 out of 10. Although API has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
API is one of the better performing stocks in the Software industry, it outperforms 76% of 284 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that API is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
API is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so API is lagging the market slightly.
In the last month API has a been trading in the 3.41 - 4.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, API does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.45, a Stop Loss order could be placed below this zone.
More info and screens
2.62
4.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.43 to 3.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.80 to 2.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.75 to 3.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.00 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for API is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for API is neutral. |
| ChartMill Relative Strength | 86.37 | POSITIVE | API has a high relative strength, it outperformed 86.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of API is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of API is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of API is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.38 | NEUTRAL | The RSI value for API is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests API has a negative trend. |
| Stochastics (14,3) | 50.92 | NEUTRAL | The Stochastics value for API is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for API suggests some volalility. |
| Average Directional Index/ADX (14) | 10.4 | NEGATIVE | The low ADX value for API 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)
3.72
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week-6.53%
2 Weeks-2.36%
1 Month5.68%
3 Month-19.83%
6 Month-18.24%
12 Month62.45%
2 Year18.85%
3 Year-43.38%
5 Year-91.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%5%
ATR Inc-33.03%
Range Today0.1
ADR(20)0.17
ADR(20)%4.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.37
Mansfield-0.42
10 Day High4.07
10 Day Low3.66
20 Day High4.07
20 Day Low3.41
52 Week High6.99
52 Week Low1.65
CS1 End3.45
CR1 Start3.75
Volume & EV
DER(3)-8.51%
DER(5)-8.55%
Volume250.80K
Volume Incr-27.77%
Vol(5)373.84K
Vol(50)675.94K