Watching the numbers for Agco Corp (AGCO), we have identified the PPO is presently above the signal line. Traders may be watching this reading to gauge if a bullish move will follow.
Agco Corp (AGCO)’s Williams Percent Range or 14 day Williams %R is currently sitting at -59.09. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.
A widely used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for spotting peaks and troughs. They may also be used to help the trader figure out reliable support and resistance levels for the stock. Currently, the 200-day MA is sitting at 67.44.
Checking in on some other technical levels, the 14-day RSI is currently at 55.14, the 7-day stands at 53.06, and the 3-day is sitting at 45.86. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.
Taking a quick look at technical levels and trend lines, we see that the stock has a 14-day ADX of 27.13. For traders looking to capitalize on trends, the ADX may be an essential technical tool. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.
Agco Corp (AGCO) currently has a 14-day Commodity Channel Index (CCI) of 16.13. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
