The Battle Of MTech Acquisition Corp. ($MTECU) And AGM Group Holdings Inc. ($AGMH)

2019-08-20 | Welcome! Today we compared how two different stocks in the EDP Services industry are trading: MTech Acquisition Corp. and AGM Group Holdings Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, MTech Acquisition Corp. opened at 11.88, got to a maximum price of 17.0001 and dropped to as low as 11.88 before finishing the session at 13.5461. In total there were 7122.0 shares traded, which is enough to conduct our analysis. Compare that now to AGM Group Holdings Inc., which opened at 16.3, had a high of 17.2, a low of 15.77, closed at 16.95 and had a total volume of 7900.0.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator MTech Acquisition Corp. AGM Group Holdings Inc.
Accumulation-distribution index 27.0921 78.64333
on-balance volume -11.1 16.05
chaikin money flow

1.0 2.17778
force index

1.90796 -0.312
ease of movement rating

2e-05 0.00771
volume-price trend

1.3602 -0.70107
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator MTech Acquisition Corp. AGM Group Holdings Inc.
Average true range 0.09127 0.72588
Bolinger bands 11.88 15.99971
Upper bollinger band 11.88 15.66029
Lower bollinger band

11.88 15.77
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

13.5867 16.42333
High band keltner channel

8.4666 15.52333
Low band keltner channel

18.7068 17.32333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

11.88 15.77
Donchain channel low band

11.88 15.77
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator MTech Acquisition Corp. AGM Group Holdings Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.00269
MACD signal -0.00991 0.0015
MACD difference -0.01427 0.0012
fast Exponential Moving Average (EMA) indicator

11.88 15.77
slow Exponential Moving Average (EMA) indicator

11.88 15.77
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

3.34751 0.39928
trix

8.52909 -0.87496
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-1.07922 0.73462
KST Oscillator (KST)

99.92056 -44.51014
KST Oscillator (KST Signal)

99.92056 -44.51014
KST difference

-16.04822 1.81767
Ichimoku rating

14.44005 16.75
Ichimoku B rating

14.44005 16.75
Ichimoku visual trend A

11.18476 17.06763
Ichimoku visual trend B

11.7239 16.85915
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-8.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator MTech Acquisition Corp. AGM Group Holdings Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 48.41741
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

100.0 50.0
stochastic oscillator

100.0 158.88889
stochastic oscillator signal

100.0 158.88889
Williams %R rating

-100.0 58.88889
awesome oscillator

-0.44534 0.05333

RETURNS: That’s all for technical analysis. Now let’s just list the returns for MTech Acquisition Corp. and AGM Group Holdings Inc..

Daily return 9.99206 -4.45101
Daily log return -6.79112 0.75806
Cumulative return -6.56566 0.76094

So there you have it: our deep, grueling analysis comparing MTech Acquisition Corp. and AGM Group Holdings Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s MTech Acquisition Corp.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether MTECU is strong or weak. Again – this is not a reliable indication of whether MTech Acquisition Corp. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with AGM Group Holdings Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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