SEED Technical Analysis - ORIGIN AGRITECH LTD

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to SEED. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SEED is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

SEED is part of the Food Products industry. There are 87 other stocks in this industry. SEED outperforms 90% of them.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

SEED has an average volume of 1383000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that SEED is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.

SEED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SEED is lagging the market.

In the last month SEED has a been trading in the 1.03 - 2.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ORIGIN AGRITECH LTD / SEED Weekly stock chart

ORIGIN AGRITECH LTD / SEED Daily stock chart

Setup Rating and Analysis

Although SEED has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.98

2.03

When analyzing the support we can see 2 important areas.

Support @1.24 from a trend line in the daily time frame.
Support @0.99 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 2.01 to 2.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 SEED is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SEED is up.
ChartMill Relative Strength	84.46	POSITIVE	SEED has a high relative strength, it outperformed 84.46% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SEED is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SEED is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of SEED is above a declining SMA(200).
Relative Strength Index/RSI (14)	72.02	OVERBOUGHT	The high RSI value suggests SEED may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests SEED has a positive trend, although the MACD value is declining.
Stochastics (14,3)	60.88	NEUTRAL	The Stochastics value for SEED is a neutral value.
Average True Range in percent/ATR (20)	11.87	HIGH VOLATILITY	The high ATR as a percentage value for SEED suggests high volalility.
Average Directional Index/ADX (14)	38.28	POSITIVE	The high ADX value value for SEED suggests a strong trend.