GLOBAL X MSCI ARGENTINA ETF (ARGT) Stock Technical Analysis
NYSEARCA:ARGT • US37950E2596
Taking everything into account, ARGT scores 5 out of 10 in our technical rating. In the last year, ARGT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- 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.
- When comparing the performance of all stocks over the past year, ARGT turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- In the last month ARGT has a been trading in the 88.67 - 103.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARGT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 93.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ARGT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
72.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 90.70 to 93.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.96 from a horizontal line in the daily time frame.
- Support @72.91 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for ARGT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARGT is neutral. |
| ChartMill Relative Strength | 63.17 | NEUTRAL | ARGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.98 | NEUTRAL | The RSI value for ARGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests ARGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.89 | NEUTRAL | The Stochastics value for ARGT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.23 | NEGATIVE | The low ADX value for ARGT suggests a weak or negative trend. |
95.5
+1.29 (+1.37%)
GLOBAL X MSCI ARGENTINA ETF / ARGT FAQ
What is the technical rating for ARGT stock?
ChartMill assigns a technical rating of 5 / 10 to ARGT.
What is the trend direction for ARGT stock?
The current trend direction for GLOBAL X MSCI ARGENTINA ETF (ARGT) is Bullish.
What is the RSI signal for ARGT stock?
GLOBAL X MSCI ARGENTINA ETF (ARGT) has an RSI value of 52.9785. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GLOBAL X MSCI ARGENTINA ETF?
The short term momentum for GLOBAL X MSCI ARGENTINA ETF (ARGT) is neutral.
Can you provide the support and resistance levels for GLOBAL X MSCI ARGENTINA ETF?
GLOBAL X MSCI ARGENTINA ETF (ARGT) has a support level at 93.58. Check the full technical report for our detailed analysis of ARGT support and resistance levels.