Taking everything into account, ARGT scores 6 out of 10 in our technical rating. ARGT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month ARGT has a been trading in the 90.20 - 103.97 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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 55% of all stocks.
ARGT 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.
More info and screens
71.75
3 important support areas can be observed.
- A support zone ranging from 91.13 to 91.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.58 to 85.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @72.47 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 | 55.77 | 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 | MIXED | The current price of ARGT is below 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) | 40.56 | NEUTRAL | The RSI value for ARGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests ARGT has a negative trend. |
| Stochastics (14,3) | 31.74 | NEUTRAL | The Stochastics value for ARGT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.58 | NEGATIVE | The low ADX value for ARGT suggests a weak or negative trend. |
91.5
-3.85 (-4.04%)
GLOBAL X MSCI ARGENTINA ETF / ARGT FAQ
What is the technical rating for ARGT stock?
ChartMill assigns a technical rating of 6 / 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 40.5586. 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 91.49. Check the full technical report for our detailed analysis of ARGT support and resistance levels.