Overall ARGT gets a technical rating of 7 out of 10. 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.
Although ARGT has an excellent technical rating, it does not present a decent entry opportunity 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.
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71.02
2 important support areas can be observed.
- 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 92.27 to 95.43. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ARGT is neutral. |
| ChartMill Relative Strength | 75.42 | POSITIVE | ARGT has a high relative strength, it outperformed 75.42% 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) | 52.36 | NEUTRAL | The RSI value for ARGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ARGT has a negative trend. |
| Stochastics (14,3) | 70.77 | NEUTRAL | The Stochastics value for ARGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.36 | NEGATIVE | The low ADX value for ARGT suggests a weak or negative trend. |
91.75
-1.48 (-1.59%)
GLOBAL X MSCI ARGENTINA ETF / ARGT FAQ
What is the technical rating for ARGT stock?
ChartMill assigns a technical rating of 7 / 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 52.3559. 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 85.96 and a resistance level at 92.27. Check the full technical report for our detailed analysis of ARGT support and resistance levels.