Overall ARGX gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARGX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ARGX did better than 75% of all other stocks.
- 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.
- ARGX is part of the Biotechnology industry. There are 524 other stocks in this industry, ARGX did better than 62% 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.
Besides having an excellent technical rating, ARGX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 837.81, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 819.48 to 837.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 854.45 to 857.49. 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 | UP | POSITIVE | The short term trend for ARGX is up. |
| ChartMill Relative Strength | 75.94 | POSITIVE | ARGX has a high relative strength, it outperformed 75.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARGX is above 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) | 55.59 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.61 | POSITIVE | The MACD value suggests ARGX has a positive trend. |
| Stochastics (14,3) | 62.34 | NEUTRAL | The Stochastics value for ARGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for ARGX suggests a possible start of a new 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 |
|---|---|---|---|
| 857.50 | 819.47 | 38.03 (4.43%) | 22.55% |
| An entry @857.50. This is a Buy Stop order right above the resistance zone. | An exit @819.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 38.03 points, which is 4.43%. | When investing 22.55% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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ARGENX SE - ADR / ARGX FAQ
What is the technical rating for ARGX stock?
ChartMill assigns a technical rating of 7 / 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 55.586. 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 5.61173, indicating a bullish trend.
Can you provide the support and resistance levels for ARGENX SE - ADR?
ARGENX SE - ADR (ARGX) has a support level at 837.81 and a resistance level at 854.45. Check the full technical report for our detailed analysis of ARGX support and resistance levels.