ARGAN INC (AGX) Technical Analysis
NYSE:AGX • US04010E1091
Current stock price
AGX Technical Rating and Analysis
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!
- Looking at the yearly performance, AGX did better than 98% of all other stocks. We also observe that the gains produced by AGX over the past year are nicely spread over this period.
- AGX is one of the better performing stocks in the Construction & Engineering industry, it outperforms 94% of 56 stocks in the same industry.
- AGX is currently making a new 52 week high. This is a strong signal. 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.
AGX Weekly and Daily overview Charts
AGX Setup Rating and Analysis
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.
More info and screens
AGX Support and Resistance Analysis
313.57
When analyzing the support we can see 4 important areas.
- Support @444.90 from a trend line in the daily time frame.
- A support zone ranging from 400.44 to 414.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 98.69 | POSITIVE | AGX has a high relative strength, it outperformed 98.69% 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) | 62.98 | NEUTRAL | The RSI value for AGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests AGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.15 | OVERBOUGHT | The high Stochastics value suggests AGX may be overbought. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for AGX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for AGX suggests a possible start of a new trend. |
AGX Chart- and CandleStick Pattern Analysis
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 | 444.89 | 47.82 (9.71%) | 10.30% |
| An entry @492.71. This is a Buy Stop order right above the 10 day high. | An exit @444.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 47.82 points, which is 9.71%. | When investing 10.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
479.9
+10.09 (+2.15%)
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 62.9766. 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 -0.360952, indicating a bearish trend.
What are the support and resistance levels for ARGAN INC (AGX) stock?
ARGAN INC (AGX) has a support level at 444.9. Check the full technical report for our detailed analysis of AGX support and resistance levels.