Technical Analysis for ACGBF - Agricultural Bank of China Limited

Grade Last Price % Change Price Change
grade D 0.4191 0.50% 0.0021
ACGBF closed up 0.5 percent on Friday, May 24, 2019, on 4 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical ACGBF trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish 0.50%
Narrow Range Bar Range Contraction 0.50%
Lower Bollinger Band Walk Weakness 0.50%
Oversold Stochastic Weakness 0.50%
180 Bearish Setup Bearish Swing Setup 0.50%
Narrow Range Bar Range Contraction 0.50%
Lower Bollinger Band Walk Weakness 0.50%

Older signals for ACGBF ...

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Profile
The predecessor of Agricultural Bank of China is Agricultural Cooperative Bank established in 1951. Since the late 1970s, the Bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently a state-controlled commercial bank. The Bank was restructured into a joint stock limited liability company in January 2009. The Bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, respectively in July 2010, which marked the completion of our transformation into a public shareholding commercial bank.Being one of the major integrated financial service providers in China, the Bank is committed to catering to the needs of Sannong and capitalizing on the synergy between the Urban Areas and the County Areas. The Bank strives to expand into the international market and provides diversified services so as to become a first class modern commercial bank. Capitalizing on the comprehensive business portfolio, extensive distribution network and advanced IT platform, the Bank provides various corporate and retail banking products and services for a broad range of customers and carries out treasury operations for our own accounts or on behalf of customers. Our business scope includes, among others, investment banking, fund management, financial leasing and life insurance. At the end of 2012, the Bank had total assets of RMB13,244,342 million, deposits of RMB10,862,935 million and loans of RMB6,433,399 million. Our capital adequacy ratio and non-performing loan ratio were 12.61% and 1.33%, respectively. The Bank achieved a net profit of RMB145,131 million in 2012. The Bank had 23,472 domestic branch outlets, including the Head Office, the Business Department of the Head Office, three specialized institutions managed by the Head Office, 37 tier-1 branches (including branches directly managed by the Head Office), 348 tier-2 branches (including business departments of branches in provinces), 3,482 tier-1 sub-branches (including business departments in municipalities, business departments of branches directly managed by the Head Office and business departments of tier-2 branches), and 19,600 other establishments. Our overseas branch outlets consisted of four overseas branches and five overseas representative offices. Our major subsidiaries consisted of nine domestic subsidiaries and three overseas subsidiaries.In 2012, the Bank ranked No. 84 in Fortune�s Global 500, and ranked No. 5 in The Banker�s �Top 1000 World Banks� list in terms of profit before tax for the year of 2011. In 2012, the Bank�s issuer credit ratings were assigned A/A-1 by Standard & Poor�s; the bank deposits ratings were assigned A1/P-1 by Moody�s Investors Service; and the long-/short-term foreign-currency issuer default ratings were assigned A/F1 by Fitch Ratings. The Bank�s outlook ratings assigned by the above credit rating agencies were �stable�.
Bank S&P/Tsx 60 Index Investment Banking Life Insurance Banks Axis Bank Fund Management Bank Of China Distribution Network Xicheng District Syndicate Bank Bank Deposits Ratings Business Department Corporate And Retail Banking Products Investors Service Public Sector Banks In India State Controlled Commercial Bank State Owned Commercial Bank
Is ACGBF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Indicators
Indicator Value
52 Week High 0.6308
52 Week Low 0.345
Average Volume 40,371
200-Day Moving Average 0.4919
50-Day Moving Average 0.4616
20-Day Moving Average 0.4533
10-Day Moving Average 0.4366
Average True Range 0.0095
ADX 21.18
+DI 27.7483
-DI 57.9227
Chandelier Exit (Long, 3 ATRs ) 0.4515
Chandelier Exit (Short, 3 ATRs ) 0.4455
Upper Bollinger Band 0.4967
Lower Bollinger Band 0.4099
Percent B (%b) 0.11
BandWidth 19.148467
MACD Line -0.0138
MACD Signal Line -0.0088
MACD Histogram -0.0051
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.4191
Resistance 3 (R3) 0.4191 0.4191 0.4191
Resistance 2 (R2) 0.4191 0.4191 0.4191 0.4191
Resistance 1 (R1) 0.4191 0.4191 0.4191 0.4191 0.4191
Pivot Point 0.4191 0.4191 0.4191 0.4191 0.4191
Support 1 (S1) 0.4191 0.4191 0.4191 0.4191 0.4191
Support 2 (S2) 0.4191 0.4191 0.4191 0.4191
Support 3 (S3) 0.4191 0.4191 0.4191
Support 4 (S4) 0.4191