AGCO Corporation Stock Forecast
Red day on Thursday for AGCO Corporation
(Updated on Apr 25, 2024)
The AGCO Corporation stock price fell by -0.86% on the last day (Thursday, 25th Apr 2024) from $118.69 to $117.67. During the last trading day the stock fluctuated 2.13% from a day low at $116.48 to a day high of $118.96. The price has fallen in 6 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day by 203 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 688 thousand shares were bought and sold for approximately $80.95 million.
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 3.31% during the next 3 months and, with a 90% probability hold a price between $113.09 and $130.26 at the end of this 3-month period.
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AGCO Signals & Forecast
There are few to no technical positive signals at the moment. The AGCO Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $117.81 and $118.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.14%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for AGCO Corporation stock
AGCO Corporation finds support from accumulated volume at $113.31 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 $2.49 (2.13%) between high and low. For the last week, the stock has had daily average volatility of 2.97%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect AGCO Corporation to open at $117.70, and during the day (based on 14 day Average True Range), to move between $114.70 and $120.64, which gives a possible trading interval of +/-$2.97 (+/-2.52%) up or down from last closing price. If AGCO Corporation takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $117.91 (0.20%) than the support at $113.31 (3.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: -1.561 Sell Candidate Unchanged
Predicted Opening Price for AGCO Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $117.70 ( 0.0269%) | $117.67 |
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 | 120.19 | 2.14 % | |
| R2 | 119.24 | 1.33 % | ||
| R1 | 118.65 | 0.83 % | ||
| Current price: | 117.67 | |||
| Support | S1 | 116.75 | -0.780 % | |
| S2 | 116.17 | -1.28 % | ||
| S3 | 115.22 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.19 | 3.84 % | |
| R2 | 120.93 | 2.77 % | ||
| R1 | 117.91 | 0.204 % | ||
| Current price | 117.67 | |||
| Support | S1 | 113.31 | -3.71% | |
| S2 | 110.58 | -6.03% | ||
| S3 | 107.57 | -8.58% |
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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