Featured Chart: AGI (November 20,2009)

Figure 1. MEG Price Chart

AGI has closed below its short time moving average. Short time moving average is currently below mid-time moving average. The relationship between price and moving average is bearish in short-term.

AGI is currently on trading range with trend strength of about 18.14.

AGI volatility:

- AGI closed down -0.1500 at 4.3500 on volume 1.07% above average.

- AGI() has closed above bottom band by 43.3%. Bollinger Bands are 32.1% narrower than normal. The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

AGI support and resistance line:

Resistance: 4.69 then 4.82.

Support: 4.35 then around 3.95.

 

Figure 2. Technical Indicators

Momentum is bullish when its value is above zero and bearish when below zero. RSI closes with bullish momentum at 0.20.

 

The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 43.13.  This is not a topping or bottoming area.    A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a buy 10 periods ago.

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20).  The Stochastic Oscillator is 28.89.  This is not an overbought or oversold reading.  The last signal was a  buy 8 periods ago.

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line.  The last signal was a buy  6 periods ago.