ARGONAUT GOLD INC (AR-DB-U.CA) Stock Technical Analysis
Canada - TSX:AR-DB-U - CA04016AAA93
Taking everything into account, AR-DB-U scores 6 out of 10 in our technical rating. AR-DB-U has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
AR-DB-U has an average technical rating and it also 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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77.22
When analyzing the support we can see 4 important areas.
- A support zone ranging from 97.20 to 99.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.93 from a trend line in the daily time frame.
- Support @80.00 from a horizontal line in the daily time frame.
- Support @78.00 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 99.80 to 99.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AR-DB-U.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AR-DB-U.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AR-DB-U.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AR-DB-U.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AR-DB-U.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 79.1 | OVERBOUGHT | The high RSI value suggests AR-DB-U.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests AR-DB-U.CA has a negative trend. |
| Stochastics (14,3) | 98.75 | OVERBOUGHT | The high Stochastics value suggests AR-DB-U.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for AR-DB-U.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 48.13 | POSITIVE | The high ADX value value for AR-DB-U.CA suggests a strong trend. |
TSX:AR-DB-U (8/29/2024, 7:00:00 PM)
99.79
+0.13 (+0.13%)
ARGONAUT GOLD INC / AR-DB-U.CA FAQ
What is the technical rating for AR-DB-U stock?
ChartMill assigns a technical rating of 6 / 10 to AR-DB-U.CA.
What is the current trend direction of ARGONAUT GOLD INC (AR-DB-U.CA) stock?
The current trend direction for ARGONAUT GOLD INC (AR-DB-U.CA) is Bullish.
What is the RSI signal for AR-DB-U stock?
ARGONAUT GOLD INC (AR-DB-U.CA) has an RSI value of 79.1023. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ARGONAUT GOLD INC?
The MACD indicator for ARGONAUT GOLD INC (AR-DB-U.CA) has a value of -0.318154, indicating a bearish trend.
What is the support and resistance level for AR-DB-U stock?
ARGONAUT GOLD INC (AR-DB-U.CA) has a support level at 99.04 and a resistance level at 99.8. Check the full technical report for our detailed analysis of AR-DB-U.CA support and resistance levels.