AGX Technical Analysis - ARGAN INC

Technical Rating and Analysis

Taking everything into account, AGX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AGX is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, AGX did better than 95% of all other stocks. We also observe that the gains produced by AGX over the past year are nicely spread over this period.

AGX is part of the Construction & Engineering industry. There are 52 other stocks in this industry. AGX outperforms 94% of them.

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 197.00 - 268.00 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although AGX has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

152.43

263.25

When analyzing the support we can see 4 important areas.

A support zone ranging from 231.16 to 238.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @211.03 from a trend line in the daily time frame.
Support @203.36 from a horizontal line in the daily time frame.
Support @153.97 from a trend line in the weekly time frame.

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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	95.98	POSITIVE	AGX has a high relative strength, it outperformed 95.98% 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)	65.13	NEUTRAL	The RSI value for AGX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.78	POSITIVE	The MACD value suggests AGX has a positive trend.
Stochastics (14,3)	91.32	OVERBOUGHT	The high Stochastics value suggests AGX may be overbought.
Average True Range in percent/ATR (20)	5.01	HIGH VOLATILITY	The high ATR as a percentage value for AGX suggests high volalility.
Average Directional Index/ADX (14)	14.63	NEGATIVE	The low ADX value for AGX suggests a weak or negative trend.