AGCO Technical Analysis (NYSE:AGCO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the AGCO stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the AGCO stock chart which creates a trading signal.
See AGCO bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of AGCO stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
AGCO Moving Average:
Moving averages show the average price of AGCO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for AGCO trend identification. A rising moving average shows that stock prices are generally increasing.
AGCO Bollinger Bands:
Bollinger bands comprise of a center line usually AGCO SMA, and two AGCO 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. The stock price is trading between the average and the lower band in the context of AGCO bollinger bands.
AGCO 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 AGCO MACD indicator can be used to identify bullish and bearish trends for the stock.
AGCO Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of AGCO stock is 79.52. .