SEED Technical Analysis - ORIGIN AGRITECH LTD

Technical Rating and Analysis

Taking everything into account, SEED scores 7 out of 10 in our technical rating. SEED has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

SEED is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

SEED is one of the better performing stocks in the Food Products industry, it outperforms 84% of 87 stocks in the same industry.

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

When comparing the yearly performance of all stocks, we notice that SEED is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month SEED has a been trading in the 1.03 - 1.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ORIGIN AGRITECH LTD / SEED Weekly stock chart

ORIGIN AGRITECH LTD / SEED Daily stock chart

Setup Rating and Analysis

SEED has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.97

1.54

3 important support areas can be observed.

Support @1.32 from a horizontal line in the daily time frame.
Support @1.19 from a trend line in the daily time frame.
Support @0.98 from a trend line in the daily time frame.

We can see 2 important resistance areas.

Resistance @1.45 from a horizontal line in the weekly time frame.
Resistance @1.52 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for SEED is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SEED is up.
ChartMill Relative Strength	72.71	POSITIVE	SEED has a high relative strength, it outperformed 72.71% 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	NEGATIVE	The current price of SEED is below a declining SMA(200).
Relative Strength Index/RSI (14)	60.02	NEUTRAL	The RSI value for SEED is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests SEED has a positive trend, although the MACD value is declining.
Stochastics (14,3)	59.43	NEUTRAL	The Stochastics value for SEED is a neutral value.
Average True Range in percent/ATR (20)	9.66	HIGH VOLATILITY	The high ATR as a percentage value for SEED suggests high volalility.
Average Directional Index/ADX (14)	24.41	NEUTRAL	The ADX value for SEED suggests a possible start of a new trend.