Agria Technical Analysis (NYSE:GRO)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A GRO stock chart pattern can give those who understand technical analysis an indication of which way GRO stock is headed, but cannot predict with 100% certainty as to what can happen to the Agria stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Agria. Technical analysis uses an approach for Agria stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Agria Moving Average:
Moving averages help predict the price direction of GRO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling GRO moving average implies that Agria stock price is falling.
Agria Bollinger Bands:
Bollinger bands comprise of a center line usually GRO SMA, and two GRO stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Agria bollinger bands show that the stock price is $0.85, upper band is 48.98, lower band is 45.44, and the average is 47.21.
Agria Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Agria MACD indicator can be used to identify bullish and bearish trends for the stock.
Agria Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of GRO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .