ARGAN INC (AGX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AGX - US04010E1091 - Common Stock
We assign a technical rating of 9 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, AGX did better than 95% 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 55 other stocks in this industry. AGX outperforms 94% 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 300.37 - 392.48 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 present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
201.33
We found 5 important support areas.
- A support zone ranging from 323.32 to 328.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @314.11 from a trend line in the daily time frame.
- Support @282.91 from a trend line in the weekly time frame.
- Support @273.92 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 | NEUTRAL | NEUTRAL | The short term trend for AGX is neutral. |
| ChartMill Relative Strength | 95.48 | POSITIVE | AGX has a high relative strength, it outperformed 95.48% 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) | 67.48 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.16 | POSITIVE | The MACD value suggests AGX has a positive trend. |
| Stochastics (14,3) | 62.15 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for AGX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.79 | NEGATIVE | The low ADX value for AGX suggests a weak or negative trend. |
383.66
+54 (+16.38%)
ARGAN INC / AGX FAQ
What is the technical rating for AGX stock?
ChartMill assigns a technical rating of 9 / 10 to AGX.
What is the trend direction for 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 67.4772. This indicates that the stock is currently neutral.
What is the MACD signal for AGX stock?
The MACD indicator for ARGAN INC (AGX) has a value of 4.16464, indicating a bullish trend.
What are the support and resistance levels for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has a support level at 328.73. Check the full technical report for our detailed analysis of AGX support and resistance levels.