Overall ARGT gets a technical rating of 9 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, ARGT is showing a nice and steady performance.
Besides having an excellent technical rating, ARGT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for ARGT 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.
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68.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 84.71 to 85.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.82 from a trend line in the weekly time frame.
- Support @69.62 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 90.54 to 95.43. 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 ARGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARGT is up. |
| ChartMill Relative Strength | 81.28 | POSITIVE | ARGT has a high relative strength, it outperformed 81.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARGT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.86 | NEUTRAL | The RSI value for ARGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests ARGT has a negative trend. |
| Stochastics (14,3) | 56.3 | NEUTRAL | The Stochastics value for ARGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ARGT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.92 | NEGATIVE | The low ADX value for ARGT suggests a weak or negative 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 |
|---|---|---|---|
| 91.84 | 89.78 | 2.06 (2.24%) | 25.00% |
| An entry @91.84. This is a Buy Stop order right above the 10 day moving average. | An exit @89.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.06 points, which is 2.24%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ARGT. Please evaluate whether better entry and exit points can be found.
- 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.
90.44
-0.67 (-0.74%)
GLOBAL X MSCI ARGENTINA ETF / ARGT FAQ
What is the technical rating for ARGT stock?
ChartMill assigns a technical rating of 9 / 10 to ARGT.
Can you provide the trend direction for GLOBAL X MSCI ARGENTINA ETF?
The current trend direction for GLOBAL X MSCI ARGENTINA ETF (ARGT) is Bullish.
What is the RSI signal for GLOBAL X MSCI ARGENTINA ETF (ARGT) stock?
GLOBAL X MSCI ARGENTINA ETF (ARGT) has an RSI value of 52.8566. This indicates that the stock is currently neutral.
What is the MACD signal for ARGT stock?
The MACD indicator for GLOBAL X MSCI ARGENTINA ETF (ARGT) has a value of -0.513265, indicating a bearish trend.
What is the support and resistance level for ARGT stock?
GLOBAL X MSCI ARGENTINA ETF (ARGT) has a support level at 85.96 and a resistance level at 90.54. Check the full technical report for our detailed analysis of ARGT support and resistance levels.