ARGAN - Daily - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- 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
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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:
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 65.5 | 68.7 | 73.5 | 76.7 | 81.5 | 84.7 | 89.5 |
| Camarilla | 76.0 | 76.7 | 77.5 | 78.2 | 78.9 | 79.7 | 80.4 |
| Woodie | 66.2 | 69.1 | 74.2 | 77.1 | 82.2 | 85.1 | 90.2 |
| Fibonacci | 68.7 | 71.8 | 73.7 | 76.7 | 79.8 | 81.7 | 84.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.3 | 72.7 | 75.9 | 78.3 | 81.5 | 83.9 | 87.1 |
| Camarilla | 77.5 | 78.0 | 78.5 | 79.0 | 79.5 | 80.0 | 80.5 |
| Woodie | 70.6 | 72.9 | 76.2 | 78.5 | 81.8 | 84.1 | 87.4 |
| Fibonacci | 72.7 | 74.9 | 76.2 | 78.3 | 80.5 | 81.8 | 83.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.5 | 67.7 | 72.7 | 75.9 | 80.9 | 84.1 | 89.1 |
| Camarilla | 75.4 | 76.1 | 76.9 | 77.6 | 78.4 | 79.1 | 79.9 |
| Woodie | 65.3 | 68.2 | 73.5 | 76.4 | 81.7 | 84.6 | 89.9 |
| Fibonacci | 67.7 | 70.9 | 72.8 | 75.9 | 79.1 | 81.0 | 84.1 |
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:
- Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Enters into EPC Contract for a 1,085 MW Power Project in Ohio
- Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share
- Argan, Inc. Reports Third Quarter Results
- Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share
- Argan, Inc. Reports Second Quarter Results
This member declared not having a position on this financial instrument or a related financial instrument.
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