Down -17.43% in 4 Weeks, Here's Why You Should You Buy the Dip in Adecoagro (AGRO)
AGROAdecoagro S.A.(AGRO) ZACKS·2024-06-06 22:35

A downtrend has been apparent in Adecoagro (AGRO) lately with too much selling pressure. The stock has declined 17.4% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for s ...