AGCO Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AGCO Corporation stock price ended at $112.14 on Wednesday, after losing 1.80%.
(Updated on May 01, 2024)
The AGCO Corporation stock price fell by -1.80% on the last day (Wednesday, 1st May 2024) from $114.19 to $112.14. During the last trading day the stock fluctuated 1.95% from a day low at $111.80 to a day high of $113.98. The price has been going up and down for this period, and there has been a -3.53% loss for the last 2 weeks. Volume has increased on the last day by 177 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, 1 million shares were bought and sold for approximately $119.73 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $112.36. A reaction back to this level may hold a second chance to get out before further falls.
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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 $116.56 and $118.78. 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 -10.55%. 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 $110.58 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 $2.18 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 2.27%.
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 2nd
For the upcoming trading day on Thursday, 2nd we expect AGCO Corporation to open at $112.64, and during the day (based on 14 day Average True Range), to move between $109.10 and $115.18, which gives a possible trading interval of +/-$3.04 (+/-2.71%) up or down from last closing price. If AGCO Corporation takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $113.31 (1.04%) than the support at $110.58 (1.39%), 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: -3.656 Sell Candidate Unchanged
Predicted Opening Price for AGCO Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $112.64 ( 0.446%) | $112.14 |
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 | 114.82 | 2.39 % | |
| R2 | 113.99 | 1.65 % | ||
| R1 | 113.47 | 1.19 % | ||
| Current price: | 112.14 | |||
| Support | S1 | 111.81 | -0.297 % | |
| S2 | 111.29 | -0.756 % | ||
| S3 | 110.46 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.19 | 8.96 % | |
| R2 | 117.91 | 5.15 % | ||
| R1 | 113.31 | 1.04 % | ||
| Current price | 112.14 | |||
| Support | S1 | 110.58 | -1.39% | |
| S2 | 109.32 | -2.51% | ||
| S3 | 107.57 | -4.08% |
AGCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 14, 2024 | Jun 14, 2024 | $0.290 | 0.259% |
| 2 | Jan 18, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.290 | 0.249% |
| 3 | Oct 26, 2023 | Nov 14, 2023 | Dec 15, 2023 | $0.290 | 0.243% |
| 4 | Jul 12, 2023 | Aug 14, 2023 | Sep 15, 2023 | $0.290 | 0.236% |
| 5 | Apr 27, 2023 | May 18, 2023 | Jun 20, 2023 | $5.00 | 3.78% |
FAQ
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