AGORA INC-ADR (API) Stock Technical Analysis
NASDAQ:API - Nasdaq - US00851L1035 - ADR - Currency: USD
Taking everything into account, API scores 7 out of 10 in our technical rating. In the past year, API was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
API is one of the better performing stocks in the Software industry, it outperforms 80% of 282 stocks in the same industry.
Looking at the yearly performance, API did better than 90% of all other 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 currently trading near new highs, so API is lagging the market.
In the last month API has a been trading in the 3.53 - 4.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, API also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.89, a Stop Loss order could be placed below this zone.
More info and screens
2.62
4.23
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.75 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.65 to 3.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.45 from a horizontal line in the daily time frame.
- Support @2.91 from a trend line in the weekly time frame.
- Support @2.65 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.00 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.19 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 | NEUTRAL | NEUTRAL | The long term trend for API is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for API is up. |
| ChartMill Relative Strength | 90.59 | POSITIVE | API has a high relative strength, it outperformed 90.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of API is above 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) | 54.61 | NEUTRAL | The RSI value for API is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests API has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.15 | NEUTRAL | The Stochastics value for API is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for API suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for API suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 4.01 | 3.74 | 0.27 (6.73%) | 14.85% |
| An entry @4.01. This is a Buy Stop order right above the resistance zone. | An exit @3.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.27 points, which is 6.73%. | For a 1.00% total portfolio risk, you can invest 14.85% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of API. Please evaluate whether better entry and exit points can be found.
- 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.
3.98
-0.01 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.25%
1 Week2.58%
2 Weeks7.28%
1 Month7.86%
3 Month24.38%
6 Month-24.05%
12 Month59.84%
2 Year23.22%
3 Year-18.94%
5 Year-90.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%4.69%
ATR Inc-48.44%
Range Today0.11
ADR(20)0.18
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.59
Mansfield-0.51
10 Day High4.31
10 Day Low3.75
20 Day High4.31
20 Day Low3.53
52 Week High6.99
52 Week Low1.65
CS1 End3.89
CR1 Start4
Volume & EV
DER(3)-7.12%
DER(5)0.24%
Volume222.80K
Volume Incr7.56%
Vol(5)416.20K
Vol(50)459.53K