ARGENX SE - 1H - Technical analysis published on 11/02/2023 (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
89%
6%
6%
My opinion
Bullish above 449.7 EUR
My targets
470.7 EUR (+1.40%)
478.4 EUR (+3.06%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ARGENX SE. This is a positive signal for buyers. As long as the price remains above 449.7 EUR, a purchase could be considered. The first bullish objective is located at 470.7 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 478.4 EUR as an objective. Crossing it would then enable buyers to target 482.6 EUR. In the event of a return below 449.7 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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Additional analysis
Quotes
ARGENX SE rating 464.2 EUR. The price has increased by +4.53% since the last closing and was traded between 442.2 EUR and 464.2 EUR over the period. The price is currently at +4.98% from its lowest and 0% from its highest.442.2
464.2
464.2
Here is a more detailed summary of the historical variations registered by ARGENX SE:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 430.2 | 441.0 | 449.7 | 464.2 | 464.5 | 470.7 | 478.4 |
| Change (%) | -7.32% | -5.00% | -3.12% | - | +0.06% | +1.40% | +3.06% |
| Change | -34.0 | -23.2 | -14.5 | - | +0.3 | +6.5 | +14.2 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
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 | 427.5 | 434.9 | 449.5 | 456.9 | 471.5 | 478.9 | 493.5 |
| Camarilla | 458.2 | 460.2 | 462.2 | 464.2 | 466.2 | 468.2 | 470.3 |
| Woodie | 431.2 | 436.7 | 453.2 | 458.7 | 475.2 | 480.7 | 497.2 |
| Fibonacci | 434.9 | 443.3 | 448.5 | 456.9 | 465.3 | 470.5 | 478.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 410.9 | 424.7 | 432.1 | 445.9 | 453.3 | 467.1 | 474.5 |
| Camarilla | 433.8 | 435.7 | 437.7 | 439.6 | 441.5 | 443.5 | 445.4 |
| Woodie | 407.8 | 423.1 | 429.0 | 444.3 | 450.2 | 465.5 | 471.4 |
| Fibonacci | 424.7 | 432.8 | 437.8 | 445.9 | 454.0 | 459.0 | 467.1 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 369.5 | 399.8 | 422.0 | 452.3 | 474.5 | 504.8 | 527.0 |
| Camarilla | 429.7 | 434.5 | 439.3 | 444.1 | 448.9 | 453.7 | 458.5 |
| Woodie | 365.4 | 397.8 | 417.9 | 450.3 | 470.4 | 502.8 | 522.9 |
| Fibonacci | 399.8 | 419.9 | 432.3 | 452.3 | 472.4 | 484.8 | 504.8 |
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): | 69.40 | |
| MACD (12,26,9): | 4.8000 | |
| Directional Movement: | 20.8 | |
| AROON (14): | 85.7 | |
| DEMA (21): | 456.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 432.1 | |
| Elder Ray (13): | 9.4 | |
| Super Trend (3,10): | 447.2 | |
| Zig ZAG (10): | 464.2 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 99.80 | |
| TEMA (21): | 460.9 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 32.1 | |
| Repulse (5,40,3): | 2.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 6.10 |
| MA7: | 446.9 | |
| MA20: | 459.5 | |
| MA50: | 467.9 | |
| MA100: | 439.4 | |
| MAexp7: | 458.1 | |
| MAexp20: | 451.1 | |
| MAexp50: | 448.5 | |
| MAexp100: | 451.4 | |
| Price / MA7: | +3.87% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | -0.79% | |
| Price / MA100: | +5.64% | |
| Price / MAexp7: | +1.33% | |
| Price / MAexp20: | +2.90% | |
| Price / MAexp50: | +3.50% | |
| Price / MAexp100: | +2.84% |
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 to Present at Upcoming Investor Conferences
- argenx Highlights Data Evaluating VYVGART in Neuromuscular Autoimmune Disease at AANEM and MGFA Scientific Sessions
- argenx Reports Third Quarter 2023 Financial Results and Provides Business Update
- argenx to Report Third Quarter 2023 Financial Results and Business Update on October 31, 2023
- argenx Announces VYVGART (efgartigimod alfa) Authorized for Sale by Health Canada for Generalized Myasthenia Gravis
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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