ARGH Technical Analysis - ARGO CORP

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to ARGH. Although ARGH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month ARGH has a been trading in the 0.45 - 0.52 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, ARGH did better than 92% of all other stocks.

ARGH is one of the better performing stocks in the Ground Transportation industry, it outperforms 80% of 6 stocks in the same industry.

ARGH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARGH 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, ARGH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.45

0.63

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.50 from a horizontal line in the daily time frame.
A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.62 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for ARGH.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ARGH.CA is down.
ChartMill Relative Strength	92.19	POSITIVE	ARGH.CA has a high relative strength, it outperformed 92.19% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ARGH.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ARGH.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ARGH.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	34.69	NEUTRAL	The RSI value for ARGH.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ARGH.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	19.52	OVERSOLD	The low Stochastics value suggests ARGH.CA may be oversold.
Average True Range in percent/ATR (20)	4.39	MEDIUM VOLATILITY	The ATR as a percentage value for ARGH.CA suggests some volalility.
Average Directional Index/ADX (14)	31.93	POSITIVE	The high ADX value value for ARGH.CA suggests a strong trend.