ARGENX SE - ADR (ARGX) Technical Analysis
NASDAQ:ARGX • US04016X1019
We assign a technical rating of 1 out of 10 to ARGX. ARGX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month ARGX has a been trading in the 705.88 - 852.83 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the performance of all stocks over the past year, ARGX turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- ARGX is an average performer in the Biotechnology industry, it outperforms 49% of 519 stocks in the same industry.
- ARGX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARGX is lagging the market.
ARGX has a poor technical rating and the quality of the setup is also 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
648.93
2 important support areas can be observed.
- A support zone ranging from 711.09 to 721.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @655.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 810.47 to 827.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @864.42 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 | DOWN | NEGATIVE | The long term trend for ARGX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARGX is down. |
| ChartMill Relative Strength | 46.82 | NEUTRAL | ARGX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARGX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARGX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.02 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.55 | NEGATIVE | The MACD value suggests ARGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.3 | NEUTRAL | The Stochastics value for ARGX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.64 | POSITIVE | The high ADX value value for ARGX suggests a strong trend. |
ARGX Technicals: Chart, Performance Metrics, Trend & Indicators
728.09
-14.7 (-1.98%)
ARGENX SE - ADR / ARGX FAQ
What is the technical rating for ARGX stock?
ChartMill assigns a technical rating of 1 / 10 to ARGX.
What is the trend direction for ARGX stock?
The current trend direction for ARGENX SE - ADR (ARGX) is Bearish.
Can you provide the RSI signal for ARGENX SE - ADR?
ARGENX SE - ADR (ARGX) has an RSI value of 32.0239. This indicates that the stock is currently neutral.
What is the MACD signal for ARGENX SE - ADR (ARGX) stock?
The MACD indicator for ARGENX SE - ADR (ARGX) has a value of -6.55238, indicating a bearish trend.
Can you provide the support and resistance levels for ARGENX SE - ADR?
ARGENX SE - ADR (ARGX) has a support level at 721.02 and a resistance level at 810.47. Check the full technical report for our detailed analysis of ARGX support and resistance levels.