ARGENX SE - ADR (ARGX) Stock Technical Analysis
USA - NASDAQ:ARGX - US04016X1019 - ADR
Taking everything into account, ARGX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ARGX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although ARGX has an excellent technical rating, it does not present a decent entry opportunity 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.
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When analyzing the support we can see 4 important areas.
- Support @791.16 from a trend line in the daily time frame.
- A support zone ranging from 711.08 to 711.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @598.81 from a trend line in the weekly time frame.
- Support @546.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 843.67 to 849.47. 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 | 85.07 | POSITIVE | ARGX has a high relative strength, it outperformed 85.07% 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) | UP | POSITIVE | The current price of ARGX is above the rising 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) | 57.8 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.13 | NEGATIVE | The MACD value suggests ARGX has a negative trend. |
| Stochastics (14,3) | 59.28 | NEUTRAL | The Stochastics value for ARGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.24 | POSITIVE | The high ADX value value for ARGX suggests a strong trend. |
818.5
-1.86 (-0.23%)
ARGENX SE - ADR / ARGX FAQ
What is the technical rating for ARGX stock?
ChartMill assigns a technical rating of 10 / 10 to ARGX.
What is the current trend direction of ARGENX SE - ADR (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 57.8034. This indicates that the stock is currently neutral.
What is the MACD signal for ARGX stock?
The MACD indicator for ARGENX SE - ADR (ARGX) has a value of -4.12556, indicating a bearish trend.
What is the buy/sell signal for ARGENX SE - ADR (ARGX) stock?
The buy/sell signal for ARGENX SE - ADR (ARGX) is buy as both the short term and long term trends are positive.