ARGAN INC (AGX) Technical Analysis
NYSE:AGX • US04010E1091
Current stock price
AGX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to AGX. 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.
- 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 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 100% 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 - 626.88 range, which is quite wide. It is currently trading near the high of this range.
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
332.17
5 important support areas can be observed.
- A support zone ranging from 597.87 to 603.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @444.71 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 391.66 to 395.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @335.53 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 615.43 to 615.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 98.38 | POSITIVE | AGX has a high relative strength, it outperformed 98.38% 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) | 68.09 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests AGX has a negative trend. |
| Stochastics (14,3) | 86.46 | OVERBOUGHT | The high Stochastics value suggests AGX may be overbought. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 38.56 | 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
615.42
+4.21 (+0.69%)
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 68.0911. 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 603.65 and a resistance level at 615.43. Check the full technical report for our detailed analysis of AGX support and resistance levels.