ARGENX SE - Daily - Technical analysis published on 06/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 369.5 EUR
My targets
345.8 EUR (-2.04%)
339.3 EUR (-3.88%)
My analysis
ARGENX SE is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 369.5 EUR, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 345.8 EUR. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 339.3 EUR would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 331.6 EUR. Beware of a possible return to above the resistance located at 369.5 EUR which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARGENX SE rating 353.0 EUR. The price is lower by -0.25% since the last closing with the lowest point at 351.0 EUR and the highest point at 354.7 EUR. The deviation from the price is +0.57% for the low point and -0.48% for the high point.351.0
354.7
353.0
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ARGENX SE chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 331.6 | 339.3 | 345.8 | 353.0 | 369.5 | 381.0 | 395.1 |
| Change (%) | -6.06% | -3.88% | -2.04% | - | +4.67% | +7.93% | +11.93% |
| Change | -21.4 | -13.7 | -7.2 | - | +16.5 | +28.0 | +42.1 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 345.9 | 347.5 | 350.7 | 352.3 | 355.5 | 357.1 | 360.3 |
| Camarilla | 352.6 | 353.0 | 353.5 | 353.9 | 354.3 | 354.8 | 355.2 |
| Woodie | 346.7 | 347.9 | 351.5 | 352.7 | 356.3 | 357.5 | 361.1 |
| Fibonacci | 347.5 | 349.3 | 350.5 | 352.3 | 354.1 | 355.3 | 357.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 337.1 | 346.3 | 354.7 | 363.9 | 372.3 | 381.5 | 389.9 |
| Camarilla | 358.4 | 360.0 | 361.6 | 363.2 | 364.8 | 366.4 | 368.0 |
| Woodie | 336.8 | 346.1 | 354.4 | 363.7 | 372.0 | 381.3 | 389.6 |
| Fibonacci | 346.3 | 353.0 | 357.1 | 363.9 | 370.6 | 374.7 | 381.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 292.2 | 317.9 | 341.2 | 366.9 | 390.2 | 415.9 | 439.2 |
| Camarilla | 351.1 | 355.6 | 360.1 | 364.6 | 369.1 | 373.6 | 378.1 |
| Woodie | 291.1 | 317.3 | 340.1 | 366.3 | 389.1 | 415.3 | 438.1 |
| Fibonacci | 317.9 | 336.6 | 348.2 | 366.9 | 385.6 | 397.2 | 415.9 |
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): | 41.70 | |
| MACD (12,26,9): | -3.9000 | |
| Directional Movement: | -6.6 | |
| AROON (14): | -35.7 | |
| DEMA (21): | 355.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 368.2 | |
| Elder Ray (13): | -5.0 | |
| Super Trend (3,10): | 372.2 | |
| Zig ZAG (10): | 353.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 25.60 | |
| TEMA (21): | 351.0 | |
| Williams %R (14): | -72.70 | |
| Chande Momentum Oscillator (20): | -11.2 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 6.80 |
| MA7: | 355.5 | |
| MA20: | 362.1 | |
| MA50: | 365.1 | |
| MA100: | 352.5 | |
| MAexp7: | 354.8 | |
| MAexp20: | 360.2 | |
| MAexp50: | 361.0 | |
| MAexp100: | 358.6 | |
| Price / MA7: | -0.70% | |
| Price / MA20: | -2.51% | |
| Price / MA50: | -3.31% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -2.00% | |
| Price / MAexp50: | -2.22% | |
| Price / MAexp100: | -1.56% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on ARGENX SE. At the time of publication of this analysis, the latest news was as follows:
- argenx Announces U.S. Food and Drug Administration Approval of VYVGART Hytrulo (efgartigimod alfa and hyaluronidase-qvfc) Injection for Subcutaneous Use in Generalized Myasthenia Gravis
- argenx Initiates Second Cohort of Phase 2 ARDA Study of Empasiprubart in Multifocal Motor Neuropathy
- argenx to Present at Upcoming Investor Conferences
- argenx Reports First Quarter 2023 Financial Results and Provides Business Update
- argenx announces results of Annual General Meeting of Shareholders
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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