ARGONAUT GOLD INC (AR.CA) Stock Technical Analysis
Canada - TSX:AR - CA04016A1012 - Common Stock
Overall AR gets a technical rating of 8 out of 10. Although AR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although AR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.40
We found 2 important support areas.
- A support zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.40 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.71 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for AR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AR.CA is up. |
| ChartMill Relative Strength | 62.57 | NEUTRAL | AR.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AR.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.32 | OVERBOUGHT | The high RSI value suggests AR.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AR.CA has a positive trend. |
| Stochastics (14,3) | 96.49 | OVERBOUGHT | The high Stochastics value suggests AR.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for AR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.21 | POSITIVE | The high ADX value value for AR.CA suggests a strong trend. |
TSX:AR (7/16/2024, 7:00:00 PM)
0.52
+0.02 (+4%)
ARGONAUT GOLD INC / AR.CA FAQ
What is the ChartMill technical rating of ARGONAUT GOLD INC (AR.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to AR.CA.
Can you provide the trend direction for ARGONAUT GOLD INC?
The current trend direction for ARGONAUT GOLD INC (AR.CA) is Bullish.
What is the RSI signal for ARGONAUT GOLD INC (AR.CA) stock?
ARGONAUT GOLD INC (AR.CA) has an RSI value of 73.3218. This indicates that the stock is currently overbought.
What is the MACD signal for AR stock?
The MACD indicator for ARGONAUT GOLD INC (AR.CA) has a value of 0.00855544, indicating a bearish trend.
Can you provide the buy/sell signal for ARGONAUT GOLD INC?
The buy/sell signal for ARGONAUT GOLD INC (AR.CA) is buy as both the short term and long term trends are positive.