GLOBAL X MSCI ARGENTINA ETF (ARGT) Stock Technical Analysis
NYSEARCA:ARGT - NYSE Arca - US37950E2596 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to ARGT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ARGT has a been trading in the 85.69 - 95.87 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ARGT is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, ARGT also shows a nice and consistent pattern of rising prices.
ARGT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARGT is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although ARGT has an excellent technical rating, it 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
70.94
95.45
3 important support areas can be observed.
- A support zone ranging from 86.04 to 87.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.45 from a trend line in the weekly time frame.
- A support zone ranging from 71.66 to 72.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 90.21 to 92.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for ARGT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARGT is down. |
| ChartMill Relative Strength | 90.14 | POSITIVE | ARGT has a high relative strength, it outperformed 90.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARGT is below 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) | 42.77 | NEUTRAL | The RSI value for ARGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests ARGT has a negative trend. |
| Stochastics (14,3) | 7.45 | OVERSOLD | The low Stochastics value suggests ARGT may be oversold. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for ARGT suggests a weak or negative 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)
NYSEARCA:ARGT (6/6/2025, 8:04:00 PM)
87.44
-0.07 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week-3.09%
2 Weeks-6.35%
1 Month0.39%
3 Month6.43%
6 Month4.01%
12 Month53.08%
2 Year91%
3 Year252.57%
5 Year265.4%
10 Year336.33%
15 YearN/A
Volatility
ATR(14)2.2
ATR(20)%2.45%
ATR Inc-18.72%
Range Today2.5
ADR(20)2.09
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.14
Mansfield0.98
10 Day High94.1
10 Day Low85.69
20 Day High95.87
20 Day Low85.69
52 Week High95.87
52 Week Low51.09
CS1 End87.43
CR1 Start90.21
Volume & EV
DER(3)-6.7%
DER(5)-3.14%
Volume483.00K
Volume Incr-4.64%
Vol(5)353.88K
Vol(50)334.44K