We assign a technical rating of 8 out of 10 to ARGT. Although ARGT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ARGT has an excellent technical rating, but the quality of the setup is only medium 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
71.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 88.77 to 93.19. 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 multiple time frames.
- Support @71.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 94.48 to 95.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for ARGT is up. |
| ChartMill Relative Strength | 78.24 | POSITIVE | ARGT has a high relative strength, it outperformed 78.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARGT is above the rising 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) | 60.21 | NEUTRAL | The RSI value for ARGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ARGT has a positive trend. |
| Stochastics (14,3) | 64.92 | NEUTRAL | The Stochastics value for ARGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.34 | NEGATIVE | The low ADX value for ARGT suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 95.44 | 89.83 | 5.61 (5.88%) | 17.01% |
| An entry @95.44. This is a Buy Stop order right above the resistance zone. | An exit @89.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.61 points, which is 5.88%. | When investing 17.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
94.47
+0.45 (+0.48%)
GLOBAL X MSCI ARGENTINA ETF / ARGT FAQ
What is the technical rating for ARGT stock?
ChartMill assigns a technical rating of 8 / 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 60.2138. 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 positive.
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 93.19 and a resistance level at 94.48. Check the full technical report for our detailed analysis of ARGT support and resistance levels.