AGCO Corporation Stock Forecast
Green day on Wednesday for AGCO Corporation stock after gaining 1.06%
(Updated on Apr 24, 2024)
The AGCO Corporation stock price gained 1.06% on the last trading day (Wednesday, 24th Apr 2024), rising from $117.45 to $118.69. During the last trading day the stock fluctuated 2.59% from a day low at $116.01 to a day high of $119.02. The price has fallen in 6 of the last 10 days and is down by -5.33% for this period. Volume fell on the last day by -138 thousand shares and in total, 485 thousand shares were bought and sold for approximately $57.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.67% during the next 3 months and, with a 90% probability hold a price between $111.76 and $129.26 at the end of this 3-month period.
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AGCO Signals & Forecast
The AGCO Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $117.73 and $118.35. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -5.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AGCO Corporation stock
AGCO Corporation finds support from accumulated volume at $117.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.01 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGCO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect AGCO Corporation to open at $117.91, and during the day (based on 14 day Average True Range), to move between $115.69 and $121.69, which gives a possible trading interval of +/-$3.00 (+/-2.53%) up or down from last closing price. If AGCO Corporation takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $117.91 (0.66%) than the resistance at $120.93 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
AGCO Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.29. We will update the financials statements for AGCO Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.96% in the first trading day after earnings release.
Is AGCO Corporation stock A Buy?
The AGCO Corporation stock holds several negative signals and despite the positive trend, we believe AGCO Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.523 Sell Candidate Unchanged
Predicted Opening Price for AGCO Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $117.91 ( 0.660%) | $118.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.92 | 1.88 % | |
| R2 | 119.77 | 0.91 % | ||
| R1 | 119.06 | 0.309 % | ||
| Current price: | 118.69 | |||
| Support | S1 | 116.76 | -1.63 % | |
| S2 | 116.05 | -2.23 % | ||
| S3 | 114.90 | -3.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.33 | 3.07 % | |
| R2 | 122.19 | 2.95 % | ||
| R1 | 120.93 | 1.89 % | ||
| Current price | 118.69 | |||
| Support | S1 | 117.91 | -0.657% | |
| S2 | 113.31 | -4.53% | ||
| S3 | 110.58 | -6.83% |
AGCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.290 | 0.249% |
| 2 | Oct 26, 2023 | Nov 14, 2023 | Dec 15, 2023 | $0.290 | 0.243% |
| 3 | Jul 12, 2023 | Aug 14, 2023 | Sep 15, 2023 | $0.290 | 0.236% |
| 4 | Apr 27, 2023 | May 18, 2023 | Jun 20, 2023 | $5.00 | 3.78% |
| 5 | Apr 27, 2023 | May 12, 2023 | Jun 20, 2023 | $0.290 | 0.219% |
FAQ
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