A - Agilent Technologies Inc

Industry: Medical Laboratories & Research Sector: Healthcare | Exchange: NYSE

Hold/Accumulate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -0.26%
PRICE $65.92
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

BOLLINGER
Buy
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Agilent Technologies Inc Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Hold candidate since 2017-09-20 Loss -0.26%

Agilent Technologies Inc fell by -0.26% in the last day from $66.09 to $65.92 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 1.2% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -314 489 shares and in total 848 325 shares bought and sold for approximately $55.92 million.

Trend

Agilent Technologies Inc lies in the upper part of a strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $66.90 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.45% during the next 3 months and, with 90% probability hold a price between $68.80 and $74.56 at the end of this period.

Signals

Agilent Technologies Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $65.90 and $63.09. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday September 19, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Wednesday December 21, 2016 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Tuesday September 19, 2017 and based on theory for this formation the price should fall by -0.47% to $65.67 within 5 trading days since signal was issued (Tuesday September 26, 2017).

Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $62.14 and $60.61. On the upside the stock meets some resistance just above today's level from accumulated volume at $65.96, $66.08 and $66.11.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agilent Technologies Inc finds support just below today's level at $62.14. If this is broken, then the next support from accumulated volume will be at $60.61 and $59.77. The stock is about to test the resistance from accumulated volume at $65.96 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $62.14 Price: $65.92 Resistance: $65.96
S: $62.14 Price: $65.92 R: $65.96

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.51 (0.78%) between high and low. For the last week, the stock has had a daily average volatility of 0.81%.

Our recommended stoploss: $63.24 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Agilent Technologies Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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