AGORA INC-ADR (API) Stock Technical Analysis
NASDAQ:API - US00851L1035 - ADR
3.42 USD
+0.12 (+3.64%)
3.44 USD
+0.02 (+0.58%)
Taking everything into account, API scores 2 out of 10 in our technical rating. Although API is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
API is one of the better performing stocks in the Software industry, it outperforms 81% of 281 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 10 months ago.
API is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so API is lagging the market.
In the last month API has a been trading in the 3.26 - 3.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, API does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
3.01
4.10
3 important support areas can be observed.
- Support @3.41 from a horizontal line in the weekly time frame.
- Support @3.29 from a horizontal line in the daily time frame.
- Support @3.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.43 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.67 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.84 to 3.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.06 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 | DOWN | NEGATIVE | The short term trend for API is down. |
| ChartMill Relative Strength | 86.99 | POSITIVE | API has a high relative strength, it outperformed 86.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of API is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of API is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of API is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.83 | NEUTRAL | The RSI value for API is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests API has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.2 | OVERSOLD | The low Stochastics value suggests API may be oversold. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for API suggests high volalility. |
| Average Directional Index/ADX (14) | 11.19 | 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)
3.42
+0.12 (+3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.64%
1 Week-3.39%
2 Weeks-3.39%
1 Month-9.28%
3 Month-10.24%
6 Month-36.31%
12 Month80%
2 Year35.18%
3 Year-5.79%
5 Year-92.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%5.65%
ATR Inc4.32%
Range Today0.15
ADR(20)0.18
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.99
Mansfield-2.31
10 Day High3.69
10 Day Low3.26
20 Day High3.98
20 Day Low3.26
52 Week High6.99
52 Week Low1.86
CS1 End3.41
CR1 Start3.43
Volume & EV
DER(3)0.67%
DER(5)0.09%
Volume569.50K
Volume Incr20.84%
Vol(5)603.22K
Vol(50)448.91K