ARGAN INC (AGX) Stock Technical Analysis
NYSE:AGX - New York Stock Exchange, Inc. - US04010E1091 - Common Stock - Currency: USD
Taking everything into account, AGX scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
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 part of the Construction & Engineering industry. There are 51 other stocks in this industry. AGX outperforms 100% of them.
A new 52 week high is currently being made by AGX, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so AGX is leading the market.
In the last month AGX has a been trading in the 142.97 - 205.57 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AGX has an excellent technical rating, it does not offer a high quality setup 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
106.83
205.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 149.42 to 149.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @129.58 from a trend line in the weekly time frame.
- Support @117.79 from a trend line in the daily time frame.
- Support @107.91 from a trend line in the weekly 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 | 98.64 | POSITIVE | AGX has a high relative strength, it outperformed 98.64% 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) | 83.36 | OVERBOUGHT | The high RSI value suggests AGX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.9 | POSITIVE | The MACD value suggests AGX has a positive trend. |
| Stochastics (14,3) | 92.81 | OVERBOUGHT | The high Stochastics value suggests AGX may be overbought. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for AGX suggests some volalility. |
| Average Directional Index/ADX (14) | 37.21 | POSITIVE | The high ADX value value for AGX suggests a strong 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)
203.26
+6.29 (+3.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg3.19%
1 Week7.83%
2 Weeks19.37%
1 Month34.11%
3 Month52.11%
6 Month28.13%
12 Month188.23%
2 Year402.5%
3 Year408.28%
5 Year449.5%
10 Year468.08%
15 Year1787.28%
Volatility
ATR(14)8.44
ATR(20)%4.16%
ATR Inc71.24%
Range Today12.31
ADR(20)8.13
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.64
Mansfield6.45
10 Day High205.57
10 Day Low169.79
20 Day High205.57
20 Day Low142.97
52 Week High205.57
52 Week Low63.53
CS1 End149.63
CR1 StartN/A
Volume & EV
DER(3)-0.32%
DER(5)0.69%
Volume369.10K
Volume Incr15.24%
Vol(5)367.22K
Vol(50)390.46K