ARGAN INC (AGX) Stock Technical Analysis
NYSE:AGX - US04010E1091 - Common Stock
226.87 USD
-3.15 (-1.37%)
226.87 USD
0 (0%)
Overall AGX gets a technical rating of 9 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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. On top of that, AGX also shows a nice and consistent pattern of rising prices.
AGX is one of the better performing stocks in the Construction & Engineering industry, it outperforms 93% of 49 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 203.55 - 253.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
AGX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 222.77, a Stop Loss order could be placed below this zone.
More info and screens
148.17
247.44
We found 3 important support areas.
- A support zone ranging from 219.73 to 222.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 202.52 to 203.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @149.67 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 227.75 to 230.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 243.11 to 244.99. 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 | UP | POSITIVE | The short term trend for AGX is up. |
| ChartMill Relative Strength | 96.51 | POSITIVE | AGX has a high relative strength, it outperformed 96.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AGX is below a declining 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) | 51.92 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests AGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.07 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for AGX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
226.87
-3.15 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.37%
1 Week5.09%
2 Weeks-1.15%
1 Month-5.67%
3 Month7.88%
6 Month74.02%
12 Month186.06%
2 Year434.06%
3 Year555.88%
5 Year435.96%
10 Year479.49%
15 Year2725.28%
Volatility
ATR(14)9.92
ATR(20)%5.07%
ATR Inc-46.85%
Range Today5.84
ADR(20)10.8
ADR(20)%4.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.51
Mansfield2.87
10 Day High230.92
10 Day Low203.55
20 Day High253.79
20 Day Low203.55
52 Week High253.79
52 Week Low69.81
CS1 End222.77
CR1 Start227.75
Volume & EV
DER(3)1.47%
DER(5)0.7%
Volume165.90K
Volume Incr-47%
Vol(5)201.56K
Vol(50)390.91K