ARGAN INC (AGX) Stock Technical Analysis
USA - NYSE:AGX - US04010E1091 - Common Stock
Overall AGX gets a technical rating of 10 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.
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
201.33
When analyzing the support we can see 4 important areas.
- Support @303.50 from a trend line in the daily time frame.
- Support @252.85 from a trend line in the weekly time frame.
- Support @243.76 from a trend line in the daily time frame.
- Support @203.36 from a horizontal line in the daily time frame.
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 | 96.81 | POSITIVE | AGX has a high relative strength, it outperformed 96.81% 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) | 61.6 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.88 | POSITIVE | The MACD value suggests AGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.45 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for AGX suggests a weak or negative trend. |
346.35
-5.29 (-1.5%)
ARGAN INC / AGX FAQ
What is the technical rating for AGX stock?
ChartMill assigns a technical rating of 10 / 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 61.6015. 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 positive.
What are the support and resistance levels for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has a support level at 303.5. Check the full technical report for our detailed analysis of AGX support and resistance levels.