ARGONAUT GOLD INC (AR-DB-U.CA) Technical Analysis
TSX:AR-DB-U • CA04016AAA93
Current stock price
AR-DB-U.CA Technical Rating and Analysis
Overall AR-DB-U gets a technical rating of 6 out of 10. 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.
- 100% of all other stocks performed better in the past year than AR-DB-U.
- AR-DB-U is part of the Metals & Mining industry. There are 801 other stocks in this industry, of which 93% are performing better than AR-DB-U.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month AR-DB-U has a been trading in the 82.50 - 99.79 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
AR-DB-U.CA Weekly and Daily overview Charts
AR-DB-U.CA Setup Rating and Analysis
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.
More info and screens
AR-DB-U.CA Support and Resistance Analysis
77.22
We found 4 important support 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.
When analyzing the resistance we notice one important 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.
AR-DB-U.CA 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 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. |
AR-DB-U.CA Chart- and CandleStick Pattern Analysis
AR-DB-U.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:AR-DB-U (8/29/2024, 7:00:00 PM)
99.79
+0.13 (+0.13%)
ARGONAUT GOLD INC / AR-DB-U.CA TA 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 trend direction for AR-DB-U stock?
The current trend direction for ARGONAUT GOLD INC (AR-DB-U.CA) is Bullish.
What is the RSI signal for ARGONAUT GOLD INC (AR-DB-U.CA) 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 short term momentum for ARGONAUT GOLD INC?
The short term momentum for ARGONAUT GOLD INC (AR-DB-U.CA) is positive.
Can you provide the support and resistance levels for ARGONAUT GOLD INC?
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.