ANGLOGOLD ASHANTI PLC (AU) Technical Analysis
NYSE:AU • GB00BRXH2664
We assign a technical rating of 9 out of 10 to AU. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month AU has a been trading in the 102.56 - 129.14 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that AU is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, AU also shows a nice and consistent pattern of rising prices.
- AU is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 157 stocks in the same industry.
- AU is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AU is performing more or less in line with the market.
- AU has an average volume of 2836730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although AU has an excellent technical rating, the quality of the presented setup is not ideal 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
86.45
We found 4 important support areas.
- A support zone ranging from 104.11 to 106.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 101.88 to 102.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.87 from a horizontal line in the daily time frame.
- Support @87.32 from a trend 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 | UP | POSITIVE | The long term trend for AU is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AU is down. |
| ChartMill Relative Strength | 98.07 | POSITIVE | AU has a high relative strength, it outperformed 98.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.72 | NEUTRAL | The RSI value for AU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2 | NEGATIVE | The MACD value suggests AU has a negative trend. |
| Stochastics (14,3) | 18.73 | OVERSOLD | The low Stochastics value suggests AU may be oversold. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for AU suggests high volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for AU suggests a possible start of a new trend. |
AU Technicals: Chart, Performance Metrics, Trend & Indicators
108.9
+2.36 (+2.22%)
ANGLOGOLD ASHANTI PLC / AU FAQ
What is the technical rating for AU stock?
ChartMill assigns a technical rating of 9 / 10 to AU.
What is the current trend direction of ANGLOGOLD ASHANTI PLC (AU) stock?
The current trend direction for ANGLOGOLD ASHANTI PLC (AU) is Bullish.
What is the RSI signal for ANGLOGOLD ASHANTI PLC (AU) stock?
ANGLOGOLD ASHANTI PLC (AU) has an RSI value of 47.7177. This indicates that the stock is currently neutral.
What is the buy/sell signal for ANGLOGOLD ASHANTI PLC (AU) stock?
The buy/sell signal for ANGLOGOLD ASHANTI PLC (AU) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for ANGLOGOLD ASHANTI PLC (AU) stock?
ANGLOGOLD ASHANTI PLC (AU) has a support level at 106.54. Check the full technical report for our detailed analysis of AU support and resistance levels.