Taking everything into account, ARBK scores 0 out of 10 in our technical rating. 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.
ARBK has a poor technical rating and the quality of the setup is also not perfect 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
0.22
We found 1 important support area.
- A support zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @0.25 from a horizontal line in the daily time frame.
- Resistance @0.39 from a trend line in the weekly time frame.
- Resistance @0.43 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 | DOWN | NEGATIVE | The short term trend for ARBK is down. |
| ChartMill Relative Strength | 5 | NEGATIVE | ARBK has a low relative strength, it was outperformed by 95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARBK is below 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) | 37.5 | NEUTRAL | The RSI value for ARBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ARBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.68 | OVERSOLD | The low Stochastics value suggests ARBK may be oversold. |
| Average True Range in percent/ATR (20) | 16.5 | HIGH VOLATILITY | The high ATR as a percentage value for ARBK suggests high volalility. |
| Average Directional Index/ADX (14) | 17.37 | NEGATIVE | The low ADX value for ARBK suggests a weak or negative trend. |
0.23
-0.01 (-5.43%)
ARGO BLOCKCHAIN PLC / ARBK FAQ
What is the technical rating for ARBK stock?
ChartMill assigns a technical rating of 0 / 10 to ARBK.
What is the current trend direction of ARGO BLOCKCHAIN PLC (ARBK) stock?
The current trend direction for ARGO BLOCKCHAIN PLC (ARBK) is Bearish.
What is the RSI signal for ARBK stock?
ARGO BLOCKCHAIN PLC (ARBK) has an RSI value of 37.503. This indicates that the stock is currently neutral.
What is the short term momentum for ARGO BLOCKCHAIN PLC (ARBK) stock?
The short term momentum for ARGO BLOCKCHAIN PLC (ARBK) is negative.
What is the buy/sell signal for ARBK stock?
The buy/sell signal for ARGO BLOCKCHAIN PLC (ARBK) is sell as both the short term and long term trends are negative.