ARGAN INC (AGX) Technical Analysis
NYSE:AGX • US04010E1091
Current stock price
473.85 USD
-6.05 (-1.26%)
At close:
473.85 USD
0 (0%)
After Hours:
AGX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to AGX. 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.
- 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 56 other stocks in this industry. AGX outperforms 98% of them.
- AGX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AGX is leading the market.
- In the last month AGX has a been trading in the 405.00 - 492.70 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
AGX Weekly and Daily overview Charts
AGX Setup Rating and Analysis
Besides having an excellent technical rating, AGX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
AGX Support and Resistance Analysis
313.57
478.59
4 important support areas can be observed.
- A support zone ranging from 448.31 to 455.34. 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 410.75 to 414.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @367.63 from a trend line in the weekly time frame.
- Support @316.74 from a trend line in the weekly time frame.
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 | 98.72 | POSITIVE | AGX has a high relative strength, it outperformed 98.72% 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) | 60.63 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests AGX has a negative trend. |
| Stochastics (14,3) | 81.41 | OVERBOUGHT | The high Stochastics value suggests AGX may be overbought. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.43 | NEUTRAL | The ADX value for AGX suggests a possible start of a new trend. |
AGX Chart- and CandleStick Pattern Analysis
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)
AGX Example Setup
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 |
|---|---|---|---|
| 492.71 | 448.30 | 44.41 (9.01%) | 11.09% |
| An entry @492.71. This is a Buy Stop order right above the 10 day high. | An exit @448.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 44.41 points, which is 9.01%. | For a 1.00% total portfolio risk, you can invest 11.09% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AGX. Please evaluate whether better entry and exit points can be found.
- 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.
AGX Technicals: Chart, Performance Metrics, Trend & Indicators
473.85
-6.05 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.26%
1 Week3.39%
2 Weeks14.4%
1 Month8.28%
3 Month45.54%
6 Month81.8%
12 Month292.91%
2 Year837.57%
3 Year1070.87%
5 Year788.19%
10 Year1247.7%
15 Year5435.63%
Volatility
ATR(14)29.72
ATR(20)%5.89%
ATR Inc12.37%
Range Today24.53
ADR(20)27.18
ADR(20)%5.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.72
3 months CRS96.95
6 months CRS97.48
Mansfield7.24
10 Day High492.7
10 Day Low411.97
20 Day High492.7
20 Day Low405
52 Week High492.7
52 Week Low111.16
CS1 End455.34
CR1 StartN/A
Volume & EV
DER(3)0.16%
DER(5)-1.5%
Volume2.58M
Volume Incr103.28%
Vol(5)782.94K
Vol(50)447.63K
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.
What is the RSI signal for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has an RSI value of 60.6264. 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 -0.677728, indicating a bearish trend.
What are the support and resistance levels for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has a support level at 455.34. Check the full technical report for our detailed analysis of AGX support and resistance levels.