We assign a technical rating of 8 out of 10 to ARGU. Both in the recent history as in the last year, ARGU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ARGU also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.25, a Stop Loss order could be placed below this zone.
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9.76
2 important support areas can be observed.
- A support zone ranging from 10.13 to 10.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.86 to 9.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.28 to 10.28. 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 ARGU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARGU is up. |
| ChartMill Relative Strength | 79.21 | POSITIVE | ARGU has a high relative strength, it outperformed 79.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARGU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARGU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 64.97 | NEUTRAL | The RSI value for ARGU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ARGU has a negative trend. |
| Stochastics (14,3) | 6.91 | OVERSOLD | The low Stochastics value suggests ARGU may be oversold. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for ARGU suggests low volalility. |
| Average Directional Index/ADX (14) | 74.75 | POSITIVE | The high ADX value value for ARGU suggests a strong 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 |
|---|---|---|---|
| 10.29 | 10.23 | 0.06 (0.58%) | 25.00% |
| An entry @10.29. This is a Buy Stop order right above the resistance zone. | An exit @10.23. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARGU. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:ARGU (12/20/2022, 8:14:56 PM)
10.26
+0.01 (+0.1%)
ARGUS CAPITAL CORP-CL A / ARGU FAQ
What is the ChartMill technical rating of ARGUS CAPITAL CORP-CL A (ARGU) stock?
ChartMill assigns a technical rating of 8 / 10 to ARGU.
What is the current trend direction of ARGUS CAPITAL CORP-CL A (ARGU) stock?
The current trend direction for ARGUS CAPITAL CORP-CL A (ARGU) is Bullish.
Can you provide the RSI signal for ARGUS CAPITAL CORP-CL A?
ARGUS CAPITAL CORP-CL A (ARGU) has an RSI value of 64.9688. This indicates that the stock is currently neutral.
What is the short term momentum for ARGUS CAPITAL CORP-CL A (ARGU) stock?
The short term momentum for ARGUS CAPITAL CORP-CL A (ARGU) is positive.
Can you provide the support and resistance levels for ARGUS CAPITAL CORP-CL A?
ARGUS CAPITAL CORP-CL A (ARGU) has a support level at 10.25 and a resistance level at 10.28. Check the full technical report for our detailed analysis of ARGU support and resistance levels.