ARGENX SE

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ARGX
ISIN:	NL0010832176

ARGENX SE - Daily - Technical analysis published on 12/01/2022 (GMT)

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Londinia

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Timeframe : Daily
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 368.1 EUR

My targets

417.7 EUR (+7.10%)

440.6 EUR (+12.97%)

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 368.1 EUR, a purchase could be considered. The first bullish objective is located at 417.7 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 440.6 EUR as an objective. Crossing it would then enable buyers to target 475.7 EUR. In the event of a return below 368.1 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

Comment on the analysis

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.

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Additional analysis

Quotes

ARGENX SE rating 390.0 EUR. On the day, this instrument gained +7.06% and was traded between 373.6 EUR and 392.7 EUR over the period. The price is currently at +4.39% from its lowest and -0.69% from its highest.

373.6

392.7

390.0

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.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ARGENX SE chart shows a bullish trend. 78.57% 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 detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

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:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	288.8	312.8	368.1	390.0	395.1
Change (%)	-25.95%	-19.79%	-5.62%	-	+1.31%
Change	-101.2	-77.2	-21.9	-	+5.1
Level	Minor	Major	Major	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	359.1	366.3	378.2	385.4	397.3	404.5	416.4
Camarilla	384.8	386.5	388.3	390.0	391.8	393.5	395.3
Woodie	361.4	367.5	380.5	386.6	399.6	405.7	418.7
Fibonacci	366.3	373.6	378.1	385.4	392.7	397.2	404.5

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	342.2	347.9	356.5	362.2	370.8	376.5	385.1
Camarilla	361.3	362.6	363.9	365.2	366.5	367.8	369.1
Woodie	343.8	348.6	358.1	362.9	372.4	377.2	386.7
Fibonacci	347.9	353.3	356.7	362.2	367.6	371.0	376.5

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.40
MACD (12,26,9):	0.5000
Directional Movement:	11.8
AROON (14):	92.9
DEMA (21):	367.5
Parabolic SAR (0,02-0,02-0,2):	343.4
Elder Ray (13):	14.9
Super Trend (3,10):	394.9
Zig ZAG (10):	390.0
VORTEX (21):	0.9000
Stochastique (14,3,5):	83.50
TEMA (21):	369.3
Williams %R (14):	-5.30
Chande Momentum Oscillator (20):	35.9
Repulse (5,40,3):	6.4000
ROCnROLL:	1
TRIX (15,9):	-0.1000
Courbe Coppock:	1.80

MA7:	369.2
MA20:	364.8
MA50:	368.4
MA100:	370.4
MAexp7:	371.4
MAexp20:	367.8
MAexp50:	368.4
MAexp100:	361.3
Price / MA7:	+5.63%
Price / MA20:	+6.91%
Price / MA50:	+5.86%
Price / MA100:	+5.29%
Price / MAexp7:	+5.01%
Price / MAexp20:	+6.04%
Price / MAexp50:	+5.86%
Price / MAexp100:	+7.94%

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:

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

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