ARGENX SE - 1H - Technical analysis published on 11/03/2022 (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 bearish
Underlying:
Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 395.1 EUR
My targets
374.3 EUR (-1.68%)
368.2 EUR (-3.28%)
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 395.1 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 374.3 EUR. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 368.2 EUR would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 363.3 EUR. Beware of a possible return to above the resistance located at 395.1 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
4.5
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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 380.7 EUR. The price is lower by -0.05% since the last closing and was between 377.6 EUR and 381.6 EUR. This implies that the price is at +0.82% from its lowest and at -0.24% from its highest.377.6
381.6
380.7
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ARGENX SE indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 363.3 | 368.2 | 374.3 | 380.7 | 381.0 | 395.1 | 400.7 |
| Change (%) | -4.57% | -3.28% | -1.68% | - | +0.08% | +3.78% | +5.25% |
| Change | -17.4 | -12.5 | -6.4 | - | +0.3 | +14.4 | +20.0 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 359.7 | 368.5 | 374.7 | 383.5 | 389.7 | 398.5 | 404.7 |
| Camarilla | 376.8 | 378.2 | 379.5 | 380.9 | 382.3 | 383.7 | 385.0 |
| Woodie | 358.4 | 367.9 | 373.4 | 382.9 | 388.4 | 397.9 | 403.4 |
| Fibonacci | 368.5 | 374.2 | 377.8 | 383.5 | 389.2 | 392.8 | 398.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 310.9 | 333.9 | 359.4 | 382.4 | 407.9 | 430.9 | 456.4 |
| Camarilla | 371.5 | 375.9 | 380.4 | 384.8 | 389.3 | 393.7 | 398.1 |
| Woodie | 312.1 | 334.5 | 360.6 | 383.0 | 409.1 | 431.5 | 457.6 |
| Fibonacci | 333.9 | 352.5 | 363.9 | 382.4 | 401.0 | 412.4 | 430.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 301.7 | 324.6 | 359.7 | 382.6 | 417.7 | 440.6 | 475.7 |
| Camarilla | 378.9 | 384.2 | 389.5 | 394.8 | 400.1 | 405.4 | 410.8 |
| Woodie | 307.8 | 327.7 | 365.8 | 385.7 | 423.8 | 443.7 | 481.8 |
| Fibonacci | 324.6 | 346.8 | 360.4 | 382.6 | 404.8 | 418.4 | 440.6 |
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): | 39.30 | |
| MACD (12,26,9): | -1.8000 | |
| Directional Movement: | -19.0 | |
| AROON (14): | -71.4 | |
| DEMA (21): | 385.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 395.1 | |
| Elder Ray (13): | -6.1 | |
| Super Trend (3,10): | 392.2 | |
| Zig ZAG (10): | 380.5 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 14.10 | |
| TEMA (21): | 382.1 | |
| Williams %R (14): | -85.00 | |
| Chande Momentum Oscillator (20): | -15.7 | |
| Repulse (5,40,3): | 0.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 6.70 |
| MA7: | 383.0 | |
| MA20: | 373.5 | |
| MA50: | 374.8 | |
| MA100: | 367.8 | |
| MAexp7: | 382.7 | |
| MAexp20: | 386.3 | |
| MAexp50: | 385.6 | |
| MAexp100: | 381.7 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | +1.93% | |
| Price / MA50: | +1.57% | |
| Price / MA100: | +3.51% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | -1.27% | |
| Price / MAexp100: | -0.26% |
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 Reports Third Quarter 2022 Financial Results and Provides Business Update
- argenx to Report Third Quarter 2022 Financial Results and Business Update on October 27, 2022
- argenx to Highlight Key Programs from Neuromuscular Franchise at Upcoming Medical Meetings
- argenx Submits Biologics License Application to U.S. Food and Drug Administration for Subcutaneous Efgartigimod for Treatment of Generalized Myasthenia Gravis
- argenx Appoints Camilla Sylvest to Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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