Technical Analysis for ACGBY - Agricultural Bank of China Limited

Grade Last Price % Change Price Change
grade B 10.09 -0.27% -0.0275
ACGBY closed down 0.27 percent on Thursday, October 17, 2019, on 12 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

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

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Stochastic Sell Signal Bearish -0.27%
Narrow Range Bar Range Contraction -0.27%
NR7 Range Contraction -0.27%
Upper Bollinger Band Walk Strength -0.27%
Overbought Stochastic Strength -0.27%
Above Upper BB Strength -0.84%
Overbought Stochastic Strength -0.84%

Older signals for ACGBY ...

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Basic chart:
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 ACGBY a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Indicator Value
52 Week High 12.35
52 Week Low 9.21
Average Volume 35,992
200-Day Moving Average 10.7689
50-Day Moving Average 9.7219
20-Day Moving Average 9.8226
10-Day Moving Average 9.9098
Average True Range 0.1195
ADX 19.19
+DI 39.1471
-DI 18.775
Chandelier Exit (Long, 3 ATRs ) 9.855
Chandelier Exit (Short, 3 ATRs ) 9.908500000000001
Upper Bollinger Band 10.1606
Lower Bollinger Band 9.4846
Percent B (%b) 0.9
BandWidth 6.882088
MACD Line 0.0822
MACD Signal Line 0.0376
MACD Histogram 0.0446
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.2250
Resistance 3 (R3) 10.2400 10.2100 10.2025
Resistance 2 (R2) 10.2100 10.1756 10.2025 10.1950
Resistance 1 (R1) 10.1500 10.1544 10.1350 10.1350 10.1875
Pivot Point 10.1200 10.1200 10.1125 10.1125 10.1200
Support 1 (S1) 10.0600 10.0856 10.0450 10.0450 9.9925
Support 2 (S2) 10.0300 10.0644 10.0225 9.9850
Support 3 (S3) 9.9700 10.0300 9.9775
Support 4 (S4) 9.9550