ARGENT MID CAP ETF (AMID) Stock Technical Analysis
NASDAQ:AMID - Nasdaq - US02072L8393 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to AMID. In the past year, AMID was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, AMID does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.56, a Stop Loss order could be placed below this zone.
More info and screens
28.97
3 important support areas can be observed.
- A support zone ranging from 32.19 to 32.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.04 from a trend line in the weekly time frame.
- Support @29.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @35.71 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 | NEUTRAL | NEUTRAL | The long term trend for AMID is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMID is up. |
| ChartMill Relative Strength | 50.67 | NEUTRAL | AMID is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMID is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMID is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMID is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.82 | NEUTRAL | The RSI value for AMID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AMID has a positive trend. |
| Stochastics (14,3) | 67 | NEUTRAL | The Stochastics value for AMID is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for AMID suggests low volalility. |
| Average Directional Index/ADX (14) | 11.46 | NEGATIVE | The low ADX value for AMID suggests a weak or negative trend. |
NASDAQ:AMID (6/26/2025, 3:40:06 PM)
32.96
+0.24 (+0.73%)