ARGENX SE - Daily - Technical analysis published on 01/04/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 368.0 EUR
My targets
345.6 EUR (-2.29%)
312.5 EUR (-11.65%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ARGENX SE as long as the price remains well below 368.0 EUR. The sellers' bearish objective is set at 345.6 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 312.5 EUR. In case of crossing, the next objective would be the support located at 288.8 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARGENX SE rating is 353.7 EUR. The price is lower by -1.75% since the last closing and was between 351.1 EUR and 356.5 EUR. This implies that the price is at +0.74% from its lowest and at -0.79% from its highest.351.1
356.5
353.7
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ARGENX SE chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 288.8 | 312.5 | 345.6 | 353.7 | 368.0 | 381.0 | 395.1 |
| Change (%) | -18.35% | -11.65% | -2.29% | - | +4.04% | +7.72% | +11.70% |
| Change | -64.9 | -41.2 | -8.1 | - | +14.3 | +27.3 | +41.4 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 340.7 | 345.9 | 352.9 | 358.1 | 365.1 | 370.3 | 377.3 |
| Camarilla | 356.7 | 357.8 | 358.9 | 360.0 | 361.1 | 362.2 | 363.4 |
| Woodie | 341.7 | 346.4 | 353.9 | 358.6 | 366.1 | 370.8 | 378.3 |
| Fibonacci | 345.9 | 350.5 | 353.4 | 358.1 | 362.7 | 365.6 | 370.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 330.8 | 338.1 | 343.2 | 350.5 | 355.6 | 362.9 | 368.0 |
| Camarilla | 344.9 | 346.0 | 347.2 | 348.3 | 349.4 | 350.6 | 351.7 |
| Woodie | 329.7 | 337.6 | 342.1 | 350.0 | 354.5 | 362.4 | 366.9 |
| Fibonacci | 338.1 | 342.8 | 345.8 | 350.5 | 355.2 | 358.2 | 362.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 288.4 | 316.9 | 332.6 | 361.1 | 376.8 | 405.3 | 421.0 |
| Camarilla | 336.2 | 340.2 | 344.3 | 348.3 | 352.4 | 356.4 | 360.5 |
| Woodie | 282.0 | 313.7 | 326.2 | 357.9 | 370.4 | 402.1 | 414.6 |
| Fibonacci | 316.9 | 333.8 | 344.2 | 361.1 | 378.0 | 388.4 | 405.3 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.30 | |
| MACD (12,26,9): | -4.5000 | |
| Directional Movement: | 3.6 | |
| AROON (14): | -57.2 | |
| DEMA (21): | 353.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 373.8 | |
| Elder Ray (13): | -2.6 | |
| Super Trend (3,10): | 376.2 | |
| Zig ZAG (10): | 353.7 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 34.20 | |
| TEMA (21): | 350.7 | |
| Williams %R (14): | -70.80 | |
| Chande Momentum Oscillator (20): | -11.8 | |
| Repulse (5,40,3): | 1.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 8.80 |
| MA7: | 351.8 | |
| MA20: | 360.7 | |
| MA50: | 366.6 | |
| MA100: | 370.9 | |
| MAexp7: | 354.3 | |
| MAexp20: | 358.9 | |
| MAexp50: | 364.0 | |
| MAexp100: | 361.5 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | -1.94% | |
| Price / MA50: | -3.52% | |
| Price / MA100: | -4.64% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | -2.83% | |
| Price / MAexp100: | -2.16% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on ARGENX SE at the time of the analysis were as follows:
- argenx to Present at 41st Annual J.P. Morgan Healthcare Conference
- argenx Appoints Ana Cespedes to Board of Directors
- argenx to Present Pivotal ADVANCE Trial Data During ASH Plenary Session Highlighting VYVGART® (efgartigimod alfa-fcab) as Potential New Treatment Modality for Immune Thrombocytopenia
- argenx Enters Into Agreement To Acquire Priority Review Voucher
- argenx Announces U.S. FDA Acceptance of Biologics License Application for Subcutaneous Efgartigimod in Generalized Myasthenia Gravis with Priority Review
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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