ARGO BLOCKCHAIN PLC (ARBK) Stock Technical Analysis
NASDAQ:ARBK - Nasdaq - US0401261047 - ADR - Currency: USD
Overall ARBK gets a technical rating of 2 out of 10. 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.
97% of all other stocks performed better in the past year than ARBK.
ARBK is one of the lesser performing stocks in the Software industry. 87% of 282 stocks in the same industry do better.
ARBK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ARBK has an average volume of 14080000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month ARBK has a been trading in the 0.18 - 0.65 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 poor technical rating and the quality of the setup is also only medium 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
0.33
0.49
We found 1 important support area.
- A support zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @0.48 from a trend line in the daily time frame.
- Resistance @0.49 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ARBK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARBK is neutral. |
| ChartMill Relative Strength | 3.28 | NEGATIVE | ARBK has a low relative strength, it was outperformed by 96.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARBK is above a declining 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) | 48.74 | NEUTRAL | The RSI value for ARBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ARBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.02 | NEUTRAL | The Stochastics value for ARBK is a neutral value. |
| Average True Range in percent/ATR (20) | 25.83 | HIGH VOLATILITY | The high ATR as a percentage value for ARBK suggests high volalility. |
| Average Directional Index/ADX (14) | 26.67 | 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)
0.3429
-0.04 (-10.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-10.02%
1 Week-31.69%
2 Weeks13.17%
1 Month-3.19%
3 Month-13.63%
6 Month-32.38%
12 Month-78.96%
2 Year-76.51%
3 Year-92.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%25.83%
ATR Inc-46.7%
Range Today0.05
ADR(20)0.08
ADR(20)%22.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.28
Mansfield-5.63
10 Day High0.65
10 Day Low0.28
20 Day High0.65
20 Day Low0.18
52 Week High1.99
52 Week Low0.15
CS1 End0.33
CR1 Start0.48
Volume & EV
DER(3)-11.04%
DER(5)-11.79%
Volume3.40M
Volume Incr-87.14%
Vol(5)4.32M
Vol(50)14.08M