ARGENT MID CAP ETF (AMID) Stock Technical Analysis
NASDAQ:AMID - Nasdaq - US02072L8393 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to AMID. AMID has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
Warning: AMID has an average volume of 17574 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month AMID has a been trading in the 31.88 - 33.90 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, AMID turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
AMID is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMID is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, 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 32.84. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AMID in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
28.97
36.07
We found 2 important support areas.
- Support @29.84 from a trend line in the weekly time frame.
- Support @29.26 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.84 to 33.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for AMID is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMID is neutral. |
| ChartMill Relative Strength | 54.21 | NEUTRAL | AMID is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMID is below the rising 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) | 53.23 | NEUTRAL | The RSI value for AMID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests AMID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for AMID is a neutral value. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for AMID suggests low volalility. |
| Average Directional Index/ADX (14) | 12.55 | NEGATIVE | The low ADX value for AMID suggests a weak or negative trend. |
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)
NASDAQ:AMID (6/4/2025, 8:05:01 PM)
32.71
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.03%
1 Week0.86%
2 Weeks-2.36%
1 Month2.12%
3 Month2.28%
6 Month-11.79%
12 Month2.19%
2 Year21.96%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%1.28%
ATR Inc-18.81%
Range Today0.11
ADR(20)0.3
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.21
Mansfield-0.73
10 Day High33.1
10 Day Low31.88
20 Day High33.9
20 Day Low31.88
52 Week High37.9
52 Week Low28.05
CS1 End29.84
CR1 Start32.84
Volume & EV
DER(3)3.35%
DER(5)2.84%
Volume7.80K
Volume Incr-60.35%
Vol(5)7.02K
Vol(50)17.57K