ARGENX SE - 1H - Technical analysis published on 12/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 368.1 EUR
My targets
381.0 EUR (+0.53%)
395.0 EUR (+4.22%)
My analysis
The bullish trend is currently very strong on ARGENX SE. As long as the price remains above the support at 368.1 EUR, you could try to benefit from the boom. The first bullish objective is located at 381.0 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 395.0 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.8
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Additional analysis
Quotes
The ARGENX SE rating is 379.0 EUR. The price registered an increase of +2.60% on the session with the lowest point at 372.1 EUR and the highest point at 386.8 EUR. The deviation from the price is +1.85% for the low point and -2.02% for the high point.372.1
386.8
379.0
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
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
Technical analysis of this 1H chart of ARGENX SE indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 349.2 | 360.5 | 368.1 | 379.0 | 381.0 | 395.0 |
| Change (%) | -7.86% | -4.88% | -2.88% | - | +0.53% | +4.22% |
| Change | -29.8 | -18.5 | -10.9 | - | +2.0 | +16.0 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major |
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 | 357.1 | 364.6 | 371.8 | 379.3 | 386.5 | 394.0 | 401.2 |
| Camarilla | 375.0 | 376.3 | 377.7 | 379.0 | 380.4 | 381.7 | 383.0 |
| Woodie | 357.0 | 364.5 | 371.7 | 379.2 | 386.4 | 393.9 | 401.1 |
| Fibonacci | 364.6 | 370.2 | 373.7 | 379.3 | 384.9 | 388.4 | 394.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 357.1 | 364.6 | 371.8 | 379.3 | 386.5 | 394.0 | 401.2 |
| Camarilla | 375.0 | 376.3 | 377.7 | 379.0 | 380.4 | 381.7 | 383.0 |
| Woodie | 357.0 | 364.5 | 371.7 | 379.2 | 386.4 | 393.9 | 401.1 |
| Fibonacci | 364.6 | 370.2 | 373.7 | 379.3 | 384.9 | 388.4 | 394.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 295.9 | 319.0 | 354.5 | 377.6 | 413.1 | 436.2 | 471.7 |
| Camarilla | 373.9 | 379.3 | 384.6 | 390.0 | 395.4 | 400.7 | 406.1 |
| Woodie | 302.1 | 322.1 | 360.7 | 380.7 | 419.3 | 439.3 | 477.9 |
| Fibonacci | 319.0 | 341.4 | 355.2 | 377.6 | 400.0 | 413.8 | 436.2 |
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): | 54.00 | |
| MACD (12,26,9): | 2.2000 | |
| Directional Movement: | 4.7 | |
| AROON (14): | 42.9 | |
| DEMA (21): | 380.5 | |
| Parabolic SAR (0,02-0,02-0,2): | 375.8 | |
| Elder Ray (13): | -0.6 | |
| Super Trend (3,10): | 375.1 | |
| Zig ZAG (10): | 379.0 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 65.40 | |
| TEMA (21): | 382.8 | |
| Williams %R (14): | -42.40 | |
| Chande Momentum Oscillator (20): | 8.4 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 5.20 |
| MA7: | 374.9 | |
| MA20: | 369.3 | |
| MA50: | 370.5 | |
| MA100: | 371.6 | |
| MAexp7: | 380.7 | |
| MAexp20: | 378.0 | |
| MAexp50: | 376.3 | |
| MAexp100: | 374.6 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | +2.63% | |
| Price / MA50: | +2.29% | |
| Price / MA100: | +1.99% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | +1.17% |
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 Appoints Ana Cespedes to Board of Directors
- argenx to Present Pivotal ADVANCE Trial Data During ASH Plenary Session Highlighting VYVGART® (efgartigimod alfa-fcab) as Potential New Treatment Modality for Immune Thrombocytopenia
- argenx Enters Into Agreement To Acquire Priority Review Voucher
- argenx Announces U.S. FDA Acceptance of Biologics License Application for Subcutaneous Efgartigimod in Generalized Myasthenia Gravis with Priority Review
- argenx to Present at Upcoming Investor Conferences
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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