ARGENX SE - ADR (ARGX) Stock Technical Analysis
NASDAQ:ARGX - Nasdaq - US04016X1019 - ADR - Currency: USD
Taking everything into account, ARGX scores 5 out of 10 in our technical rating. Although ARGX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that ARGX is one of the better performing stocks in the market, outperforming 87% of all stocks.
ARGX is part of the Biotechnology industry. There are 559 other stocks in this industry. ARGX outperforms 84% of them.
In the last month ARGX has a been trading in the 557.21 - 595.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ARGX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARGX is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
ARGX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
514.56
677.10
When analyzing the support we can see 3 important areas.
- Support @566.87 from a trend line in the weekly time frame.
- A support zone ranging from 546.22 to 549.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @519.76 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 579.31 to 589.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @638.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 656.26 to 656.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @670.40 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 | NEUTRAL | NEUTRAL | The long term trend for ARGX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARGX is neutral. |
| ChartMill Relative Strength | 87.18 | POSITIVE | ARGX has a high relative strength, it outperformed 87.18% off all stocks 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 | MIXED | The current price of ARGX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.11 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests ARGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.24 | NEUTRAL | The Stochastics value for ARGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.97 | NEGATIVE | The low ADX value for ARGX 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)
577.89
-8.87 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.51%
1 Week-1.37%
2 Weeks0.81%
1 Month2.87%
3 Month-4.47%
6 Month-4.83%
12 Month49.33%
2 Year48.28%
3 Year52.53%
5 Year156.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.53
ATR(20)%2.1%
ATR Inc5.3%
Range Today7.75
ADR(20)11.35
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.18
Mansfield-0.28
10 Day High592.1
10 Day Low569.95
20 Day High595.02
20 Day Low557.21
52 Week High678.21
52 Week Low377.47
CS1 End566.87
CR1 Start579.31
Volume & EV
DER(3)-1.67%
DER(5)-0.6%
Volume297.40K
Volume Incr-29.69%
Vol(5)266.14K
Vol(50)411.07K