AMERIGO RESOURCES LTD (ARG.CA) Stock Technical Analysis
TSX:ARG - CA03074G1090 - Common Stock
2.29 CAD
-0.05 (-2.14%)
Taking everything into account, ARG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ARG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ARG is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by ARG over the past year are nicely spread over this period.
ARG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARG is lagging the market slightly.
In the last month ARG has a been trading in the 2.04 - 2.37 range, which is quite wide. It is currently trading near the high of this range.
ARG is an average performer in the Metals & Mining industry, it outperforms 57% of 803 stocks in the same industry.
Although ARG has an excellent technical rating, the quality of the presented setup is not ideal 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
1.54
2.35
We found 6 important support areas.
- A support zone ranging from 2.28 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.15 to 2.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.11 from a trend line in the daily time frame.
- A support zone ranging from 2.05 to 2.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.85 from a trend line in the weekly time frame.
- Support @1.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.33 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 ARG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARG.CA is up. |
| ChartMill Relative Strength | 80.4 | POSITIVE | ARG.CA has a high relative strength, it outperformed 80.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.03 | NEUTRAL | The RSI value for ARG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ARG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.6 | NEUTRAL | The Stochastics value for ARG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ARG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for ARG.CA suggests a possible start of a new 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)
TSX:ARG (9/4/2025, 7:00:00 PM)
2.29
-0.05 (-2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.14%
1 Week1.33%
2 Weeks5.05%
1 Month7.01%
3 Month21.16%
6 Month24.46%
12 Month49.67%
2 Year80.32%
3 Year136.08%
5 Year316.36%
10 Year717.86%
15 Year172.62%
Volatility
ATR(14)0.07
ATR(20)%3.11%
ATR Inc43.68%
Range Today0.06
ADR(20)0.07
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.4
Mansfield1.36
10 Day High2.37
10 Day Low2.18
20 Day High2.37
20 Day Low2.04
52 Week High2.44
52 Week Low1.53
CS1 End2.28
CR1 Start2.33
Volume & EV
DER(3)-0.66%
DER(5)-0.52%
Volume163.13K
Volume Incr-28.46%
Vol(5)221.50K
Vol(50)276.73K