ARGAN INC (AGX) Stock Technical Analysis
NYSE:AGX - New York Stock Exchange, Inc. - US04010E1091 - Common Stock - Currency: USD
We assign a technical rating of 10 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.
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!
Looking at the yearly performance, AGX did better than 97% of all other stocks. On top of that, AGX also shows a nice and consistent pattern of rising prices.
AGX is part of the Construction & Engineering industry. There are 49 other stocks in this industry. AGX outperforms 100% of them.
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 196.90 - 253.79 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, it does not present a decent entry opportunity 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
143.92
247.44
3 important support areas can be observed.
- A support zone ranging from 216.18 to 219.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 @145.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 243.12 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 | NEUTRAL | NEUTRAL | The short term trend for AGX is neutral. |
| ChartMill Relative Strength | 97.56 | POSITIVE | AGX has a high relative strength, it outperformed 97.56% 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) | 52.14 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests AGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.33 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.88 | 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)
223.41
-1.86 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.83%
1 Week-5.69%
2 Weeks7.89%
1 Month6.64%
3 Month31.2%
6 Month38.25%
12 Month221.82%
2 Year425.92%
3 Year545.88%
5 Year427.78%
10 Year470.65%
15 Year2682.19%
Volatility
ATR(14)13.56
ATR(20)%5.55%
ATR Inc93.67%
Range Today15.88
ADR(20)11.8
ADR(20)%5.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.56
Mansfield3.61
10 Day High253.79
10 Day Low196.9
20 Day High253.79
20 Day Low196.9
52 Week High253.79
52 Week Low68.53
CS1 End219.75
CR1 Start243.12
Volume & EV
DER(3)-2.19%
DER(5)-2.31%
Volume501.50K
Volume Incr41.34%
Vol(5)603.16K
Vol(50)493.65K