Argo Group International Holdings Ltd (ARGO)

BMG0464B1072 - Common Stock

29.99  -0.01 (-0.03%)

After market: 29.99 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, ARGO scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARGO is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ARGO did better than 78% of all other stocks.
ARGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ARGO is leading the market.
ARGO is an average performer in the Insurance industry, it outperforms 67% of 141 stocks in the same industry.
In the last month ARGO has a been trading in a tight range between 29.74 and 30.00.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
ARGO Weekly chart
ARGO Daily chart
Setup Rating and Analysis

8

ARGO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.94, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

28.71

30.31

When analyzing the support we notice one important area.

  • A support zone ranging from 29.00 to 29.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 30.00 to 30.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.81
Mansfield-0.35
10 Day High30
10 Day Low29.79
20 Day High30
20 Day Low29.74
52 Week High30.13
52 Week Low24.35
Performance
1 Week0.33%
2 Weeks0.6%
1 Month0.74%
3 Month0.94%
6 Month2.42%
12 Month13.99%
2 Year-44.75%
3 Year-23.48%
5 Year-56.74%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)62.86
LBB29.77
UBB30.04
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
30.0229.780.24 (0.80%)25.00%
An entry @30.02. This is a Buy Stop order right above the resistance zone.An exit @29.78. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.24 points, which is 0.80%.For a 0.20% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
ARGO Daily chart

Argo Group International Holdings Ltd

NYSE:ARGO (11/15/2023, 7:18:04 PM)

After market: 29.99 0 (0%)

29.99

-0.01 (-0.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.03%
1 Week0.33%
2 Weeks0.6%
1 Month0.74%
3 Month0.94%
6 Month2.42%
12 Month13.99%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.07
ATR(20)%0.23%
ATR Inc
Range Today0.01
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High30
10 Day Low29.79
20 Day High30
20 Day Low29.74
52 Week High30.13
52 Week Low24.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume881.70K
Volume Incr156.06%
Vol(5)771.96K
Vol(50)370.54K