Taking everything into account, ARGX scores 4 out of 10 in our technical rating. In the last year, ARGX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- ARGX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARGX is lagging the market slightly.
- 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 64% of all stocks.
- ARGX is part of the Biotechnology industry. There are 525 other stocks in this industry, ARGX did better than 61% of them.
- In the last month ARGX has a been trading in the 770.67 - 881.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARGX has an average technical rating and the quality of the presented setup is also not ideal 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
634.16
We found 2 important support areas.
- A support zone ranging from 788.48 to 788.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @640.57 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 816.06 to 826.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 840.26 to 853.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 918.93 to 929.62. 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 ARGX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARGX is neutral. |
| ChartMill Relative Strength | 64.98 | NEUTRAL | ARGX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARGX is below the rising 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 | POSITIVE | The current price of ARGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.07 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests ARGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.1 | NEUTRAL | The Stochastics value for ARGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for ARGX suggests a weak or negative trend. |
811.45
-8.86 (-1.08%)
ARGENX SE - ADR / ARGX FAQ
What is the technical rating for ARGX stock?
ChartMill assigns a technical rating of 4 / 10 to ARGX.
What is the trend direction for ARGX stock?
The current trend direction for ARGENX SE - ADR (ARGX) is Bullish.
Can you provide the RSI signal for ARGENX SE - ADR?
ARGENX SE - ADR (ARGX) has an RSI value of 43.0703. 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 0.820704, 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 788.48 and a resistance level at 816.06. Check the full technical report for our detailed analysis of ARGX support and resistance levels.