ARGAN INC (AGX) Stock Technical Analysis
NYSE:AGX - New York Stock Exchange, Inc. - US04010E1091 - Common Stock - Currency: USD
Overall AGX gets a technical rating of 10 out of 10. 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 97% 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 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 193.82 - 228.75 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.
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 very little resistance above the current price. There is a support zone below the current price at 211.62, a Stop Loss order could be placed below this zone.
More info and screens
114.11
224.42
4 important support areas can be observed.
- A support zone ranging from 209.38 to 211.62. 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 200.27 to 203.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @141.06 from a trend line in the weekly time frame.
- Support @115.26 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 | 97.6 | POSITIVE | AGX has a high relative strength, it outperformed 97.6% 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) | 59.3 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.36 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for AGX suggests some 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 226.71 | 209.37 | 17.34 (7.65%) | 13.07% |
| An entry @226.71. This is a Buy Stop order right above the 10 day high. | An exit @209.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.34 points, which is 7.65%. | For a 1.00% total portfolio risk, you can invest 13.07% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
222.2
+1.47 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.67%
1 Week9.71%
2 Weeks0.78%
1 Month1.85%
3 Month52.19%
6 Month24.91%
12 Month194.19%
2 Year484.12%
3 Year497.96%
5 Year417.95%
10 Year471.5%
15 Year2567.47%
Volatility
ATR(14)9.85
ATR(20)%4.42%
ATR Inc-4.57%
Range Today8.97
ADR(20)9.59
ADR(20)%4.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.6
Mansfield4.43
10 Day High226.7
10 Day Low198.1
20 Day High228.75
20 Day Low193.82
52 Week High246.6
52 Week Low63.53
CS1 End211.62
CR1 StartN/A
Volume & EV
DER(3)-2.18%
DER(5)-0.76%
Volume503.23K
Volume Incr-17.4%
Vol(5)396.43K
Vol(50)436.90K