AMERIGO RESOURCES LTD (ARG.CA) Stock Technical Analysis
TSX:ARG - Toronto Stock Exchange - CA03074G1090 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to ARG. Although ARG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ARG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARG is performing more or less in line with the market.
In the last month ARG has a been trading in the 1.72 - 1.94 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ARG turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
ARG is part of the Metals & Mining industry. There are 807 other stocks in this industry, ARG did better than 53% of them.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ARG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.88, a Stop Loss order could be placed below this zone.
More info and screens
1.51
1.97
5 important support areas can be observed.
- A support zone ranging from 1.85 to 1.88. 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 1.76 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.69 from a horizontal line in the weekly time frame.
- Support @1.59 from a horizontal line in the daily time frame.
- Support @1.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.94 to 1.95. This zone is formed by a combination of multiple trend lines 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 | 66.69 | NEUTRAL | ARG.CA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ARG.CA is above a declining 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) | 57.44 | NEUTRAL | The RSI value for ARG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ARG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.44 | NEUTRAL | The Stochastics value for ARG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ARG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.23 | POSITIVE | The high ADX value value for ARG.CA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.90 | 1.84 | 0.06 (3.11%) | 25.00% |
| An entry @1.90. This is a Buy Stop order right above the 10 day moving average. | An exit @1.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 3.11%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ARG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ARG (6/13/2025, 7:00:00 PM)
1.88
-0.02 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.05%
1 Week-0.53%
2 Weeks3.87%
1 Month8.67%
3 Month0%
6 Month18.24%
12 Month22.88%
2 Year22.08%
3 Year51.61%
5 Year408.11%
10 Year327.27%
15 Year180.6%
Volatility
ATR(14)0.04
ATR(20)%2.29%
ATR Inc30.51%
Range Today0.07
ADR(20)0.04
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.69
Mansfield0.53
10 Day High1.94
10 Day Low1.82
20 Day High1.94
20 Day Low1.72
52 Week High2.05
52 Week Low1.5
CS1 End1.88
CR1 Start1.94
Volume & EV
DER(3)1.98%
DER(5)-1.19%
Volume101.69K
Volume Incr-37.43%
Vol(5)133.71K
Vol(50)245.48K