ARGAN(EPA:ARG) stock Technical Analysis

Technical Rating and Analysis

Overall ARG gets a technical rating of 4 out of 10. ARG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, ARG is a bad performer in the overall market: 82% of all stocks are doing better.

ARG is part of the Diversified REITs industry. There are 44 other stocks in this industry, of which 81% are performing better than ARG.

Warning: ARG has an average volume of 17196 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month ARG has a been trading in the 59.70 - 64.80 range, which is quite wide. It is currently trading near the high of this range.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

ARG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARG is lagging the market slightly.

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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

ARG has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

59.50

67.27

3 important support areas can be observed.

Strong support @63.60 from a horizontal line in the daily time frame.
A support zone ranging from 61.10 to 62.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @60.10 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

Resistance @64.05 from a trend line in the daily time frame.
A resistance zone ranging from 65.40 to 65.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @66.60 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The short term trend for ARG.PA is neutral.
ChartMill Relative Strength	18.2	NEGATIVE	ARG.PA has a low relative strength, it was outperformed by 81.8% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ARG.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ARG.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ARG.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	63.25	NEUTRAL	The RSI value for ARG.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests ARG.PA has a positive trend.
Stochastics (14,3)	69.55	NEUTRAL	The Stochastics value for ARG.PA is a neutral value.
Average True Range in percent/ATR (20)	1.77	LOW VOLATILITY	The low ATR as a percentage value for ARG.PA suggests low volalility.
Average Directional Index/ADX (14)	14.18	NEGATIVE	The low ADX value for ARG.PA suggests a weak or negative trend.