ARGO BLOCKCHAIN PLC (ARBK) Stock Technical Analysis
NASDAQ:ARBK - Nasdaq - US0401261047 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to ARBK. Recently some decent action could be observed, but in the medium term time frame this is still negative. ARBK was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than ARBK.
ARBK is part of the Software industry. There are 283 other stocks in this industry, of which 78% are performing better than ARBK.
ARBK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ARBK is lagging the market.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ARBK has a been trading in the 0.35 - 0.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARBK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.37
0.57
We found 2 important support areas.
- A support zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.37 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @0.44 from a trend line in the daily time frame.
- Resistance @0.45 from a trend line in the daily time frame.
- A resistance zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.56 from a trend 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 | DOWN | NEGATIVE | The long term trend for ARBK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARBK is up. |
| ChartMill Relative Strength | 10.52 | NEGATIVE | ARBK has a low relative strength, it was outperformed by 89.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.29 | NEUTRAL | The RSI value for ARBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ARBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.41 | NEUTRAL | The Stochastics value for ARBK is a neutral value. |
| Average True Range in percent/ATR (20) | 9.79 | HIGH VOLATILITY | The high ATR as a percentage value for ARBK suggests high volalility. |
| Average Directional Index/ADX (14) | 27.08 | POSITIVE | The high ADX value value for ARBK suggests a strong 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)
0.4369
+0.01 (+2.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.1%
1 Week7.85%
2 Weeks14.64%
1 Month4.02%
3 Month-4.81%
6 Month-62.66%
12 Month-68.11%
2 Year-63.59%
3 Year-93.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%9.79%
ATR Inc-6.08%
Range Today0.03
ADR(20)0.04
ADR(20)%9.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.52
Mansfield-5.15
10 Day High0.49
10 Day Low0.35
20 Day High0.49
20 Day Low0.35
52 Week High1.99
52 Week Low0.29
CS1 End0.43
CR1 Start0.44
Volume & EV
DER(3)-11.7%
DER(5)-4.22%
Volume504.80K
Volume Incr73.63%
Vol(5)685.78K
Vol(50)367.22K