ARGAN
ARGAN
87.2 EUR (-0.91%)
Closed 15 min delayed data - Euronext Paris
Open: 88.0
Change: -0.8
Volume: 3,002
Low: 86.8
High: 88.0
High / Low range: 1.2
Type: Stocks
Ticker: ARG
ISIN: FR0010481960

ARGAN - Daily - Technical analysis published on 01/28/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-01-28 15:48:58
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 76.4 EUR
My targets
80.0 EUR (+2.04%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARGAN as long as the price remains well above 76.4 EUR. The buyers” bullish objective is set at 80.0 EUR. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.2

Complete this analysis for another time unit:
1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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

The ARGAN price is 78.4 EUR. The price is lower by +0.26% since the last closing and was between 78.0 EUR and 78.4 EUR. This implies that the price is at +0.51% from its lowest and at 0% from its highest.

78.0
78.4
78.4

Here is a more detailed summary of the historical variations registered by ARGAN:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ARGAN chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 63.8 71.6 76.4 78.4 80.0
Change (%) -18.62% -8.67% -2.55% - +2.04%
Change -14.6 -6.8 -2.0 - +1.6
Level Major Major Major - Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard65.568.773.576.781.584.789.5
Camarilla76.076.777.578.278.979.780.4
Woodie66.269.174.277.182.285.190.2
Fibonacci68.771.873.776.779.881.784.7


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard70.372.775.978.381.583.987.1
Camarilla77.578.078.579.079.580.080.5
Woodie70.672.976.278.581.884.187.4
Fibonacci72.774.976.278.380.581.883.9


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard64.567.772.775.980.984.189.1
Camarilla75.476.176.977.678.479.179.9
Woodie65.368.273.576.481.784.689.9
Fibonacci67.770.972.875.979.181.084.1

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.70
MACD (12,26,9): 0.6000
Directional Movement: -19.5
AROON (14): -50.0
DEMA (21): 79.3
Parabolic SAR (0,02-0,02-0,2): 80.8
Elder Ray (13): -0.3
Super Trend (3,10): 75.2
Zig ZAG (10): 78.4
VORTEX (21): 1.0000
Stochastique (14,3,5): 68.50
TEMA (21): 78.7
Williams %R (14): -28.90
Chande Momentum Oscillator (20): -1.6
Repulse (5,40,3): 2.3000
ROCnROLL: -1
TRIX (15,9): 0.2000
Courbe Coppock: 3.00
MA7: 78.3
MA20: 79.1
MA50: 76.3
MA100: 71.8
MAexp7: 78.3
MAexp20: 78.2
MAexp50: 76.1
MAexp100: 72.5
Price / MA7: +0.13%
Price / MA20: -0.88%
Price / MA50: +2.75%
Price / MA100: +9.19%
Price / MAexp7: +0.13%
Price / MAexp20: +0.26%
Price / MAexp50: +3.02%
Price / MAexp100: +8.14%

News


Don"t forget to follow the news on ARGAN. At the time of publication of this analysis, the latest news was as follows:

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

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