AGORA INC-ADR (API) Stock Technical Analysis
NASDAQ:API - Nasdaq - US00851L1035 - ADR - Currency: USD
Overall API gets a technical rating of 3 out of 10. In the past year, API was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
In the last month API has a been trading in the 3.13 - 3.81 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, we notice that API is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
API is an average performer in the Software industry, it outperforms 63% of 282 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of API is bad and it also does not present a 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
2.71
6.22
We found 2 important support areas.
- Support @3.27 from a horizontal line in the daily time frame.
- A support zone ranging from 2.74 to 2.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.80 to 3.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.16 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for API is up. |
| ChartMill Relative Strength | 79.7 | POSITIVE | API has a high relative strength, it outperformed 79.7% 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) | DOWN | MIXED | The current price of API is above a declining 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) | 59.54 | NEUTRAL | The RSI value for API is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests API has a positive trend. |
| Stochastics (14,3) | 81.38 | OVERBOUGHT | The high Stochastics value suggests API may be overbought. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for API suggests high volalility. |
| Average Directional Index/ADX (14) | 15.43 | 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)
3.79
+0.2 (+5.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.57%
1 Week6.16%
2 Weeks6.16%
1 Month18.81%
3 Month-33.04%
6 Month-26.55%
12 Month54.07%
2 Year38.32%
3 Year-37.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%5.1%
ATR Inc-11.54%
Range Today0.19
ADR(20)0.18
ADR(20)%4.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.7
Mansfield0.02
10 Day High3.81
10 Day Low3.32
20 Day High3.81
20 Day Low3.13
52 Week High6.99
52 Week Low1.65
CS1 End3.27
CR1 Start3.8
Volume & EV
DER(3)-2.21%
DER(5)-3.25%
Volume846.20K
Volume Incr-12.66%
Vol(5)580.66K
Vol(50)744.82K