ARGAN INC (AGX) Technical Analysis
NYSE:AGX • US04010E1091
Current stock price
AGX Technical Rating and Analysis
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 and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AGX is one of the better performing stocks in the market, outperforming 98% 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 96% of 55 stocks in the same industry.
- AGX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AGX has a been trading in the 398.95 - 618.87 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
AGX Weekly and Daily overview Charts
AGX Setup Rating and Analysis
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
AGX Support and Resistance Analysis
328.45
When analyzing the support we can see 4 important areas.
- Support @432.76 from a trend line in the daily time frame.
- Support @414.20 from a horizontal line in the daily time frame.
- A support zone ranging from 384.39 to 389.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @331.77 from a trend line in the weekly time frame.
AGX Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for AGX is up. |
| ChartMill Relative Strength | 98.33 | POSITIVE | AGX has a high relative strength, it outperformed 98.33% 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) | 66.72 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.05 | POSITIVE | The MACD value suggests AGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.1 | OVERBOUGHT | The high Stochastics value suggests AGX may be overbought. |
| Average True Range in percent/ATR (20) | 6.31 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 35.83 | POSITIVE | The high ADX value value for AGX suggests a strong trend. |
AGX Chart- and CandleStick Pattern Analysis
AGX Technicals: Chart, Performance Metrics, Trend & Indicators
598.44
-5.4 (-0.89%)
ARGAN INC / AGX TA 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.
Can you provide the RSI signal for ARGAN INC?
ARGAN INC (AGX) has an RSI value of 66.7221. This indicates that the stock is currently neutral.
What is the buy/sell signal for ARGAN INC (AGX) stock?
The buy/sell signal for ARGAN INC (AGX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ARGAN INC?
ARGAN INC (AGX) has a support level at 432.76. Check the full technical report for our detailed analysis of AGX support and resistance levels.