ARGAN INC (AGX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AGX - US04010E1091 - Common Stock
We assign a technical rating of 10 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.
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.
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168.06
When analyzing the support we can see 5 important areas.
- A support zone ranging from 312.87 to 313.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @260.37 from a trend line in the weekly time frame.
- Support @254.13 from a trend line in the daily time frame.
- Support @203.36 from a horizontal line in the daily time frame.
- Support @169.76 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 352.42 to 359.88. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 96.09 | POSITIVE | AGX has a high relative strength, it outperformed 96.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AGX is below 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) | 43.09 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.02 | NEGATIVE | The MACD value suggests AGX has a negative trend. |
| Stochastics (14,3) | 39.22 | NEUTRAL | The Stochastics value for AGX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.44 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.9 | NEGATIVE | The low ADX value for AGX suggests a weak or negative trend. |
313.7
-42.69 (-11.98%)
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 43.0946. 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 neutral.
What are the support and resistance levels for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has a support level at 313.69 and a resistance level at 352.42. Check the full technical report for our detailed analysis of AGX support and resistance levels.