ARGENX SE - Daily - Technical analysis published on 03/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 345.6 EUR
My targets
320.1 EUR (-4.19%)
312.5 EUR (-6.47%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ARGENX SE as long as the price remains well below 345.6 EUR. The next bearish objective for sellers is set at 320.1 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 312.5 EUR. If there is any crossing, the next objective would be the support located at 226.8 EUR. 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 over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARGENX SE price is 334.1 EUR. The price registered a decrease of -0.18% on the session and was between 332.8 EUR and 338.3 EUR. This implies that the price is at +0.39% from its lowest and at -1.24% from its highest.332.8
338.3
334.1
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
Here is a more detailed summary of the historical variations registered by ARGENX SE:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARGENX SE in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 226.8 | 312.5 | 320.1 | 334.1 | 345.6 | 370.0 | 381.0 |
| Change (%) | -32.12% | -6.47% | -4.19% | - | +3.44% | +10.75% | +14.04% |
| Change | -107.3 | -21.6 | -14.0 | - | +11.5 | +35.9 | +46.9 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 327.8 | 330.1 | 332.4 | 334.7 | 337.0 | 339.3 | 341.6 |
| Camarilla | 333.4 | 333.9 | 334.3 | 334.7 | 335.1 | 335.5 | 336.0 |
| Woodie | 327.8 | 330.1 | 332.4 | 334.7 | 337.0 | 339.3 | 341.6 |
| Fibonacci | 330.1 | 331.9 | 332.9 | 334.7 | 336.5 | 337.5 | 339.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 313.1 | 320.6 | 327.6 | 335.1 | 342.1 | 349.6 | 356.6 |
| Camarilla | 330.7 | 332.0 | 333.4 | 334.7 | 336.0 | 337.4 | 338.7 |
| Woodie | 313.0 | 320.5 | 327.5 | 335.0 | 342.0 | 349.5 | 356.5 |
| Fibonacci | 320.6 | 326.1 | 329.5 | 335.1 | 340.6 | 344.0 | 349.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 320.7 | 329.5 | 335.8 | 344.6 | 350.9 | 359.7 | 366.0 |
| Camarilla | 338.1 | 339.4 | 340.8 | 342.2 | 343.6 | 345.0 | 346.4 |
| Woodie | 319.6 | 328.9 | 334.7 | 344.0 | 349.8 | 359.1 | 364.9 |
| Fibonacci | 329.5 | 335.2 | 338.8 | 344.6 | 350.3 | 353.9 | 359.7 |
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): | 46.60 | |
| MACD (12,26,9): | -2.2000 | |
| Directional Movement: | -1.9 | |
| AROON (14): | 42.8 | |
| DEMA (21): | 330.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 325.5 | |
| Elder Ray (13): | 1.9 | |
| Super Trend (3,10): | 342.5 | |
| Zig ZAG (10): | 333.1 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 68.40 | |
| TEMA (21): | 332.6 | |
| Williams %R (14): | -33.20 | |
| Chande Momentum Oscillator (20): | 10.3 | |
| Repulse (5,40,3): | -1.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 3.70 |
| MA7: | 334.7 | |
| MA20: | 331.4 | |
| MA50: | 342.5 | |
| MA100: | 352.8 | |
| MAexp7: | 333.7 | |
| MAexp20: | 334.6 | |
| MAexp50: | 341.4 | |
| MAexp100: | 347.7 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | -2.45% | |
| Price / MA100: | -5.30% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -2.14% | |
| Price / MAexp100: | -3.91% |
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 Announces Annual General Meeting of Shareholders on May 2, 2023
- argenx Announces UK MHRA Approval of VYVGART for the Treatment of Generalized Myasthenia Gravis
- argenx Reports Full Year 2022 Financial Results and Provides Fourth Quarter Business Update
- argenx Announces Planned Transition of Chief Operating Officer
- argenx Appoints Steve Krognes 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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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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