Strong Buy Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
4.60%
PRICE
$58.66
VOLUME
Buy
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
Request Prediction
0.00%
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Agilent Technologies Inc Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Buy candidate since 2017-05-18 Gain 5.03%

Agilent Technologies Inc gained 4.60% in the last trading day, rising from USD 56.08 to USD 58.66 The price has been going up and down for this period, and there has been a 3.15% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3.37 million more shares were traded than the day before. In total, 7.51 million shares bought and sold for approximately USD 441 million.

Trend

Agilent Technologies Inc has broken the strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at USD 58.51, a level that may pose a second chance to hit a runner. According to fan-theory USD 62.21 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Signals

Only positive signals in the chart today. 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 USD 56.57 and USD 54.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday May 17, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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.

Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Support & Resistance

Agilent Technologies Inc finds support from accumulated volume at USD 56.70, USD 56.08, and USD 54.10. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

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 USD 1.98 (3.41%) between high and low. For the last week, the stock has had a daily average volatility of 2.26%.

Our recommended stoploss: USD 56.25 (-4.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Evaluation

Agilent Technologies Inc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Strong Buy Candidate

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