Adecoagro Technical Analysis (NYSE:AGRO)
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 Adecoagro 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 AGRO stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Adecoagro. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Adecoagro stock analysis using these technical indicators helps identify trading opportunities.
Adecoagro Moving Average:
Moving averages show the average price of AGRO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $10.06 is above the price of $9.87.
Adecoagro Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Adecoagro. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Adecoagro bollinger bands show that the stock price is $9.87, upper band is 13.43, lower band is 11.9, and the average is 12.67.
Adecoagro 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 Adecoagro MACD indicator is below 0 indicating a bearish trend.
Adecoagro Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of AGRO stock is 41.13. .