GLOBAL X MSCI ARGENTINA ETF (ARGT) Stock Technical Analysis
NYSEARCA:ARGT - NYSE Arca - US37950E2596 - ETF - Currency: USD
Taking everything into account, ARGT scores 3 out of 10 in our technical rating. Although ARGT 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.
When comparing the yearly performance of all stocks, we notice that ARGT is one of the better performing stocks in the market, outperforming 79% of all stocks.
ARGT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARGT is lagging the market slightly.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month ARGT has a been trading in the 79.47 - 86.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ARGT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 80.93, a Stop Loss order could be placed below this zone.
More info and screens
72.93
95.45
We found 3 important support areas.
- A support zone ranging from 79.91 to 80.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @75.31 from a trend line in the weekly time frame.
- Support @73.67 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @94.50 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for ARGT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARGT is neutral. |
| ChartMill Relative Strength | 79.64 | POSITIVE | ARGT has a high relative strength, it outperformed 79.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARGT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARGT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARGT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49 | NEUTRAL | The RSI value for ARGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests ARGT has a positive trend. |
| Stochastics (14,3) | 51.05 | NEUTRAL | The Stochastics value for ARGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.69 | POSITIVE | The high ADX value value for ARGT suggests a strong trend. |
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)
82.85
+0.32 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.39%
1 Week2.84%
2 Weeks2.98%
1 Month-3.17%
3 Month-4.35%
6 Month-3.75%
12 Month46.72%
2 Year76.92%
3 Year197.91%
5 Year211.51%
10 Year352.24%
15 YearN/A
Volatility
ATR(14)1.75
ATR(20)%2.13%
ATR Inc-26.59%
Range Today1.23
ADR(20)1.7
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.64
Mansfield-0.51
10 Day High83.7
10 Day Low79.47
20 Day High86.17
20 Day Low79.47
52 Week High95.87
52 Week Low51.09
CS1 End80.93
CR1 Start94.5
Volume & EV
DER(3)0.73%
DER(5)1.34%
Volume270.30K
Volume Incr-33.69%
Vol(5)205.30K
Vol(50)336.63K