ARG Technical Analysis - ARGAN

Technical Rating and Analysis

Taking everything into account, ARG scores 0 out of 10 in our technical rating. ARG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, ARG is a bad performer in the overall market: 87% of all stocks are doing better.

ARG is one of the lesser performing stocks in the Diversified REITs industry. 84% of 40 stocks in the same industry do better.

In the last month ARG has a been trading in the 62.10 - 67.00 range, which is quite wide. It is currently trading near the lows of this range.

Warning: ARG has an average volume of 15399 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

ARG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARG is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ARG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 62.97, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

59.80

69.49

We found 2 important support areas.

A support zone ranging from 62.20 to 62.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 60.40 to 61.10. This zone is formed by a combination of multiple trend lines in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 64.08 to 65.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 67.77 to 68.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 ARG.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ARG.PA is down.
ChartMill Relative Strength	13.47	NEGATIVE	ARG.PA has a low relative strength, it was outperformed by 86.53% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ARG.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ARG.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ARG.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	44.25	NEUTRAL	The RSI value for ARG.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests ARG.PA has a negative trend.
Stochastics (14,3)	23.13	NEUTRAL	The Stochastics value for ARG.PA is a neutral value.
Average True Range in percent/ATR (20)	2.3	MEDIUM VOLATILITY	The ATR as a percentage value for ARG.PA suggests some volalility.
Average Directional Index/ADX (14)	17.41	NEGATIVE	The low ADX value for ARG.PA suggests a weak or negative trend.