We assign a technical rating of 10 out of 10 to ARGX. 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.
Besides having an excellent technical rating, ARGX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 901.16, a Stop Loss order could be placed below this zone.
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540.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 894.89 to 901.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @865.06 from a trend line in the daily time frame.
- Support @613.73 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 905.37 to 929.62. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 89.75 | POSITIVE | ARGX has a high relative strength, it outperformed 89.75% 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) | 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) | 55.97 | NEUTRAL | The RSI value for ARGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.44 | NEGATIVE | The MACD value suggests ARGX has a negative trend. |
| Stochastics (14,3) | 57.4 | NEUTRAL | The Stochastics value for ARGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.71 | 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 |
|---|---|---|---|
| 929.63 | 894.88 | 34.75 (3.74%) | 25.00% |
| An entry @929.63. This is a Buy Stop order right above the resistance zone. | An exit @894.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 34.75 points, which is 3.74%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
901.17
-14.8 (-1.62%)
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 55.967. 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 -4.44399, 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.