ARGAN INC (AGX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AGX - US04010E1091 - Common Stock
Taking everything into account, AGX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AGX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that AGX is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by AGX over the past year are nicely spread over this period.
- AGX is one of the better performing stocks in the Construction & Engineering industry, it outperforms 94% of 55 stocks in the same industry.
- AGX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AGX is lagging the market slightly.
- In the last month AGX has a been trading in the 305.69 - 400.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although AGX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
201.33
When analyzing the support we can see 5 important areas.
- A support zone ranging from 323.80 to 332.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 309.25 to 311.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @290.43 from a trend line in the weekly time frame.
- Support @280.08 from a trend line in the daily time frame.
- Support @203.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 395.20 to 397.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AGX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AGX is neutral. |
| ChartMill Relative Strength | 96.05 | POSITIVE | AGX has a high relative strength, it outperformed 96.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.44 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.12 | POSITIVE | The MACD value suggests AGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.51 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.17 | NEGATIVE | The low ADX value for AGX suggests a weak or negative trend. |
355.51
-3.36 (-0.94%)
ARGAN INC / AGX FAQ
What is the technical rating for AGX stock?
ChartMill assigns a technical rating of 10 / 10 to AGX.
What is the trend direction for AGX stock?
The current trend direction for ARGAN INC (AGX) is Bullish.
What is the RSI signal for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has an RSI value of 53.4439. This indicates that the stock is currently neutral.
What is the MACD signal for AGX stock?
The MACD indicator for ARGAN INC (AGX) has a value of 1.11778, indicating a bullish trend.
What are the support and resistance levels for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has a support level at 332.89 and a resistance level at 395.2. Check the full technical report for our detailed analysis of AGX support and resistance levels.