ARGAN INC (AGX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AGX - US04010E1091 - Common Stock
We assign a technical rating of 9 out of 10 to AGX. 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.
Besides having an excellent technical rating, AGX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 337.91. Right above this resistance zone may be a good entry point.
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172.32
We found 6 important support areas.
- A support zone ranging from 313.24 to 313.69. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 296.55 to 300.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @271.64 from a trend line in the weekly time frame.
- Support @265.58 from a trend line in the daily time frame.
- Support @203.36 from a horizontal line in the daily time frame.
- Support @174.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 337.91 to 340.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 96.17 | POSITIVE | AGX has a high relative strength, it outperformed 96.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AGX is below 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) | 52.64 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.65 | NEGATIVE | The MACD value suggests AGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.1 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.34 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for AGX suggests a weak or negative trend. |
337.9
+12.31 (+3.78%)
ARGAN INC / AGX FAQ
What is the technical rating for AGX stock?
ChartMill assigns a technical rating of 9 / 10 to AGX.
What is the current trend direction of ARGAN INC (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 52.6415. This indicates that the stock is currently neutral.
What is the short term momentum for AGX stock?
The short term momentum for ARGAN INC (AGX) is neutral.
What are the support and resistance levels for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has a support level at 313.69 and a resistance level at 337.91. Check the full technical report for our detailed analysis of AGX support and resistance levels.