AMERIGO RESOURCES LTD (ARG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ARG - CA03074G1090 - Common Stock
Overall ARG gets a technical rating of 10 out of 10. 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.
- Looking at the yearly performance, ARG did better than 94% of all other stocks. We also observe that the gains produced by ARG over the past year are nicely spread over this period.
- ARG is one of the better performing stocks in the Metals & Mining industry, it outperforms 83% of 813 stocks in the same industry.
- ARG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ARG has a been trading in the 4.14 - 5.69 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ARG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.06 to 4.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.37 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 | 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 | 94.23 | POSITIVE | ARG.CA has a high relative strength, it outperformed 94.23% 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) | 90.1 | OVERBOUGHT | The high RSI value suggests ARG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ARG.CA has a positive trend. |
| Stochastics (14,3) | 92.73 | OVERBOUGHT | The high Stochastics value suggests ARG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for ARG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 79.63 | POSITIVE | The high ADX value value for ARG.CA suggests a strong trend. |
TSX:ARG (1/14/2026, 7:00:00 PM)
5.56
-0.03 (-0.54%)
AMERIGO RESOURCES LTD / ARG.CA FAQ
Can you provide the ChartMill technical rating for AMERIGO RESOURCES LTD?
ChartMill assigns a technical rating of 10 / 10 to ARG.CA.
Can you provide the trend direction for AMERIGO RESOURCES LTD?
The current trend direction for AMERIGO RESOURCES LTD (ARG.CA) is Bullish.
Can you provide the RSI signal for AMERIGO RESOURCES LTD?
AMERIGO RESOURCES LTD (ARG.CA) has an RSI value of 90.0995. This indicates that the stock is currently overbought.
What is the buy/sell signal for ARG stock?
The buy/sell signal for AMERIGO RESOURCES LTD (ARG.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ARG stock?
AMERIGO RESOURCES LTD (ARG.CA) has a support level at 4.12. Check the full technical report for our detailed analysis of ARG.CA support and resistance levels.