We assign a technical rating of 1 out of 10 to ARBK. ARBK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ARBK is a bad performer in the overall market: 100% of all stocks are doing better.
- ARBK is part of the Software industry. There are 278 other stocks in this industry, of which 90% are performing better than ARBK.
- ARBK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- ARBK has an average volume of 1272810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ARBK has a been trading in the 3.25 - 5.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ARBK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ARBK 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
3.82
We found 1 important support area.
- Support @3.86 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 ARBK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARBK is down. |
| ChartMill Relative Strength | 0.11 | NEGATIVE | ARBK has a low relative strength, it was outperformed by 99.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARBK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARBK is below a declining 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) | 25.79 | OVERSOLD | The low RSI value suggests ARBK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.54 | POSITIVE | The MACD value suggests ARBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 15.8 | OVERSOLD | The low Stochastics value suggests ARBK may be oversold. |
| Average True Range in percent/ATR (20) | 10.75 | HIGH VOLATILITY | The high ATR as a percentage value for ARBK suggests high volalility. |
| Average Directional Index/ADX (14) | 42.54 | POSITIVE | The high ADX value value for ARBK suggests a strong trend. |
4.01
+0.14 (+3.62%)
ARGO BLOCKCHAIN PLC / ARBK FAQ
Can you provide the ChartMill technical rating for ARGO BLOCKCHAIN PLC?
ChartMill assigns a technical rating of 1 / 10 to ARBK.
Can you provide the trend direction for ARGO BLOCKCHAIN PLC?
The current trend direction for ARGO BLOCKCHAIN PLC (ARBK) is Bearish.
Can you provide the RSI signal for ARGO BLOCKCHAIN PLC?
ARGO BLOCKCHAIN PLC (ARBK) has an RSI value of 25.7913. This indicates that the stock is currently oversold.
Can you provide the MACD signal for ARGO BLOCKCHAIN PLC?
The MACD indicator for ARGO BLOCKCHAIN PLC (ARBK) has a value of 1.54195, indicating a bullish trend.
Can you provide the short term momentum for ARGO BLOCKCHAIN PLC?
The short term momentum for ARGO BLOCKCHAIN PLC (ARBK) is negative.