ARGENX SE - ADR (ARGX) Technical Analysis
NASDAQ:ARGX • US04016X1019
Current stock price
ARGX Technical Rating and Analysis
Taking everything into account, ARGX scores 4 out of 10 in our technical rating. In the past year, ARGX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month ARGX has a been trading in the 661.85 - 801.68 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that ARGX is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ARGX is an average performer in the Biotechnology industry, it outperforms 53% of 517 stocks in the same industry.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ARGX Weekly and Daily overview Charts
ARGX Setup Rating and Analysis
ARGX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ARGX Support and Resistance Analysis
666.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 795.07 to 800.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 673.13 to 673.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 800.51 to 804.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
ARGX Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for ARGX is up. |
| ChartMill Relative Strength | 72.9 | POSITIVE | ARGX has a high relative strength, it outperformed 72.9% 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 | MIXED | The current price of ARGX is above 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) | 68.52 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 15.36 | POSITIVE | The MACD value suggests ARGX has a positive trend. |
| Stochastics (14,3) | 98.67 | OVERBOUGHT | The high Stochastics value suggests ARGX may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 31 | POSITIVE | The high ADX value value for ARGX suggests a strong trend. |
ARGX Chart- and CandleStick Pattern Analysis
ARGX Technicals: Chart, Performance Metrics, Trend & Indicators
800.5
+15.43 (+1.97%)
ARGENX SE - ADR / ARGX TA FAQ
What is the technical rating for ARGX stock?
ChartMill assigns a technical rating of 4 / 10 to ARGX.
Can you provide the trend direction for ARGENX SE - ADR?
The current trend direction for ARGENX SE - ADR (ARGX) is Bearish.
What is the RSI signal for ARGX stock?
ARGENX SE - ADR (ARGX) has an RSI value of 68.5215. This indicates that the stock is currently neutral.
What is the support and resistance level for ARGX stock?
ARGENX SE - ADR (ARGX) has a support level at 800.49 and a resistance level at 800.51. Check the full technical report for our detailed analysis of ARGX support and resistance levels.