ARGENX SE - 1H - Technical analysis published on 03/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 330.0 EUR
My targets
341.2 EUR (+2.31%)
345.6 EUR (+3.63%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARGENX SE as long as the price remains well above 330.0 EUR. The buyers' bullish objective is set at 341.2 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 345.6 EUR. If there is any crossing, the next objective would be the resistance located at 350.5 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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Additional analysis
Quotes
The ARGENX SE rating is 333.5 EUR. The price has increased by +0.76% since the last closing and was traded between 332.9 EUR and 335.9 EUR over the period. The price is currently at +0.18% from its lowest and -0.71% from its highest.332.9
335.9
333.5
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of ARGENX SE indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from 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 shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 320.1 | 326.7 | 330.0 | 333.5 | 341.2 | 345.6 | 350.5 |
| Change (%) | -4.02% | -2.04% | -1.05% | - | +2.31% | +3.63% | +5.10% |
| Change | -13.4 | -6.8 | -3.5 | - | +7.7 | +12.1 | +17.0 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 323.4 | 325.8 | 328.4 | 330.8 | 333.4 | 335.8 | 338.4 |
| Camarilla | 329.6 | 330.1 | 330.5 | 331.0 | 331.5 | 331.9 | 332.4 |
| Woodie | 323.5 | 325.9 | 328.5 | 330.9 | 333.5 | 335.9 | 338.5 |
| Fibonacci | 325.8 | 327.7 | 328.9 | 330.8 | 332.7 | 333.9 | 335.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 301.0 | 308.2 | 315.7 | 322.9 | 330.4 | 337.6 | 345.1 |
| Camarilla | 319.3 | 320.6 | 322.0 | 323.3 | 324.7 | 326.0 | 327.3 |
| Woodie | 301.3 | 308.3 | 316.0 | 323.0 | 330.7 | 337.7 | 345.4 |
| Fibonacci | 308.2 | 313.8 | 317.3 | 322.9 | 328.5 | 332.0 | 337.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 320.7 | 329.5 | 335.8 | 344.6 | 350.9 | 359.7 | 366.0 |
| Camarilla | 338.1 | 339.4 | 340.8 | 342.2 | 343.6 | 345.0 | 346.4 |
| Woodie | 319.6 | 328.9 | 334.7 | 344.0 | 349.8 | 359.1 | 364.9 |
| Fibonacci | 329.5 | 335.2 | 338.8 | 344.6 | 350.3 | 353.9 | 359.7 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.20 | |
| MACD (12,26,9): | 2.8000 | |
| Directional Movement: | 25.4 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 332.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 325.7 | |
| Elder Ray (13): | 3.4 | |
| Super Trend (3,10): | 325.0 | |
| Zig ZAG (10): | 333.4 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 83.80 | |
| TEMA (21): | 334.0 | |
| Williams %R (14): | -24.80 | |
| Chande Momentum Oscillator (20): | 5.3 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 6.00 |
| MA7: | 325.6 | |
| MA20: | 335.7 | |
| MA50: | 346.5 | |
| MA100: | 356.5 | |
| MAexp7: | 331.7 | |
| MAexp20: | 328.8 | |
| MAexp50: | 326.7 | |
| MAexp100: | 329.3 | |
| Price / MA7: | +2.43% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | -3.75% | |
| Price / MA100: | -6.45% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.43% | |
| Price / MAexp50: | +2.08% | |
| Price / MAexp100: | +1.28% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on ARGENX SE at the time of the generation of this analysis was as follows:
- argenx Announces Planned Transition of Chief Operating Officer
- argenx Reports Full Year 2022 Financial Results and Provides Fourth Quarter Business Update
- argenx Appoints Steve Krognes to Board of Directors
- argenx to Present at Upcoming Investor Conferences
- argenx to Report Full Year 2022 Financial Results and Fourth Quarter Business Update on March 2, 2023
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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