ARGENICA THERAPEUTICS LIMITED
ARGENICA THERAPEUTICS LIMITED
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AGN
ISIN: AU0000150328

ARGENICA THERAPEUTICS LIMITED - Daily - Technical analysis published on 12/02/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.627 AUD
My targets
0.782 AUD (+14.12%)
0.923 AUD (+34.79%)
My analysis
ARGENICA THERAPEUTICS LIMITED is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.627 AUD. The next resistance located at 0.782 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.923 AUD. After this resistance, buyers could then target 1.132 AUD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

ARGENICA THERAPEUTICS LIMITED rating 0.685 AUD. On the day, this instrument gained +2.24% and was between 0.655 AUD and 0.715 AUD. This implies that the price is at +4.58% from its lowest and at -4.20% from its highest.

0.655
0.715
0.685

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of ARGENICA THERAPEUTICS LIMITED indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 0.355 0.500 0.590 0.685
Change (%) -48.18% -27.01% -13.87% -
Change -0.330 -0.185 -0.095 -
Level Major 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
Standard0.5950.6250.6550.6850.7150.7450.775
Camarilla0.6690.6740.6800.6850.6910.6960.702
Woodie0.5950.6250.6550.6850.7150.7450.775
Fibonacci0.6250.6480.6620.6850.7080.7220.745


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.4380.4770.5130.5520.5880.6270.663
Camarilla0.5290.5360.5430.5500.5570.5640.571
Woodie0.4380.4760.5130.5510.5880.6260.663
Fibonacci0.4770.5050.5230.5520.5800.5980.627


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0820.2230.4320.5730.7820.9231.132
Camarilla0.5440.5760.6080.6400.6720.7040.736
Woodie0.1150.2400.4650.5900.8150.9401.165
Fibonacci0.2230.3570.4400.5730.7070.7900.923

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): 79.85
MACD (12,26,9): 0.0590
Directional Movement: 36.671
AROON (14): 100.000
DEMA (21): 0.630
Parabolic SAR (0,02-0,02-0,2): 0.529
Elder Ray (13): 0.097
Super Trend (3,10): 0.544
Zig ZAG (10): 0.685
VORTEX (21): 1.2250
Stochastique (14,3,5): 78.87
TEMA (21): 0.654
Williams %R (14): -13.64
Chande Momentum Oscillator (20): 0.165
Repulse (5,40,3): 8.7010
ROCnROLL: 1
TRIX (15,9): 1.5770
Courbe Coppock: 50.24
MA7: 0.605
MA20: 0.552
MA50: 0.452
MA100: 0.356
MAexp7: 0.623
MAexp20: 0.556
MAexp50: 0.471
MAexp100: 0.398
Price / MA7: +13.22%
Price / MA20: +24.09%
Price / MA50: +51.55%
Price / MA100: +92.42%
Price / MAexp7: +9.95%
Price / MAexp20: +23.20%
Price / MAexp50: +45.44%
Price / MAexp100: +72.11%

Quotes : - End-of-day data - Australia Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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