ARGENX SE - ADR (ARGX) Stock Technical Analysis
NASDAQ:ARGX - Nasdaq - US04016X1019 - ADR - Currency: USD
Taking everything into account, ARGX scores 1 out of 10 in our technical rating. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
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 52% of all stocks.
ARGX is part of the Biotechnology industry. There are 558 other stocks in this industry, ARGX did better than 64% of them.
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.
In the last month ARGX has a been trading in the 510.06 - 589.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARGX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 560.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 553.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ARGX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
526.94
677.10
2 important support areas can be observed.
- A support zone ranging from 542.14 to 553.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 532.26 to 532.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 560.25 to 572.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 586.77 to 587.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @638.33 from a horizontal line in the daily time frame.
- Resistance @656.26 from a horizontal line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for ARGX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARGX is neutral. |
| ChartMill Relative Strength | 52.18 | NEUTRAL | ARGX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARGX is above 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) | 50.44 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.1 | POSITIVE | The MACD value suggests ARGX has a positive trend. |
| Stochastics (14,3) | 76.68 | NEUTRAL | The Stochastics value for ARGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.51 | 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)
560.24
-3.07 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.54%
1 Week3.08%
2 Weeks0.04%
1 Month-2.56%
3 Month-3.56%
6 Month-14.63%
12 Month20.11%
2 Year11.05%
3 Year53.82%
5 Year143.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)16.3
ATR(20)%2.76%
ATR Inc-6.15%
Range Today10.49
ADR(20)14.32
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.18
Mansfield-1.06
10 Day High568.47
10 Day Low510.06
20 Day High589.06
20 Day Low510.06
52 Week High678.21
52 Week Low457.42
CS1 End553.59
CR1 Start560.25
Volume & EV
DER(3)3.35%
DER(5)3.99%
Volume248.40K
Volume Incr9%
Vol(5)435.42K
Vol(50)424.75K