ARG | Australian Securities Exchange

Argo Investments
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Argo Investments: 0.618 Fibonacci Fan ($8.25)
Fibonacci Fans /
Argo Investments: 0.618 Fibonacci Fan ($8.25)

Argo Investments: The current Fibonacci Fan levels are: (23.61%) $8.13: (38.2%) $8.17: (50%) $8.21: (61.8%) $8.25The current support levels are: (78.6%) $8.31: (100%) $8.38: (138.2%) $8.5: (161.8%) $8.59: (261.8%) $8.92: (423.61%) $9.47

[Bearish]: Argo Investments current trading has maintained the Bollinger Band to Overbought status
Bollinger Bands /
[Bearish]: Argo Investments current trading has maintained the Bollinger Band to Overbought status

[BEARISH]: Argo Investments is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 0.08% with a current width of 2.97.

Medium Trend /
[Downtrend]: The second timeframe trend for Argo Investments remains intact

[BEARISH]: Argo Investments has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Oct 2 2018.

Percentage Volume /
Argo Investments: Percentage Volume Oscillator @10.94 [Bullish]

[BULLISH]: Argo Investments currently has positive PVO 10.94%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.4%.

Sine Weighted Moving Average /
Sine Weighted Moving Average(15) signal continues for Argo Investments indicating downward price movement is likely

ARG: SWMA Recent Trading -> (1) 16 Oct: 7.898 (2) 15 Oct: 7.908 (3) 12 Oct: 7.915

Simple Moving Average /
Argo Investments: Closing price $7.78 is below the SMA(15) @$7.888

[BEARISH]: Argo Investments currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -0.3%.

Argo Investments: Stoploss for short position should be set between $7.7925 & $7.805
Demarks Pivot Points /
Argo Investments: Stoploss for short position should be set between $7.7925 & $7.805

Argo Investments has broken the first DeMark support point ($7.7925) [Bearish]. Look for a short limit order entry near this point. Exit price for ARG should be set @$7.7550 & short position stoploss for Argo Investments should be set at $7.805

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Argo Investments & are driving the price down.

[BEARISH]: Argo Investmentssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for ARG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.3 & the greatest daily negative change this year has been -2.3. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -3.5%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.3%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.4x. Over the last month the average daily downward movement has been -0.800000%

Detrended Price for ARG has signalled bearish price movements are likely
Detrended Price Oscillator /
Detrended Price for ARG has signalled bearish price movements are likely

[BEARISH]: Argo Investments currently has a confirmed downtrend. Price is currently below the displaced moving average for ARG. Currently, the return on DPO20 is -0.3%.

[Bearish]: EMA(15) is serving as a resistance line for Argo Investments
Exponential Moving Average /
[Bearish]: EMA(15) is serving as a resistance line for Argo Investments

[BEARISH]: Argo Investments currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -0.3%.

Pivot Points /
Argo Investments: Pivot Point ($7.797)

Argo Investments current pivot point is: 7.797. The current resistance levels are: (R2) $7.847: (R2) $7.847: (R3) $7.864: The current support levels are: (S1) $7.764: (S2) $7.747: (S3) $7.714

Long Trend /
Argo Investments has maintained the 3rd timeframe trend [Uptrend]

[BULLISH]: Argo Investments has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 9 2018.

Average Directional Movement /
Daily trading has confirmed an ADX very strong trend (52.02) for Argo Investments

[Stong Trend]: ADX for ARG has confirmed a very strong trend is present. Argo Investments has an ATR(14) of 0.068, a DX of 80.3 & an ADX(14) of 52.02

Bearish conditions for ARG are likely to continue based on EFI (-2838)
Elders Force Index /
Bearish conditions for ARG are likely to continue based on EFI (-2838)

[BEARISH]: Argo Investments current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2838.

ARG: Moving Average Convergence Divergence [Bearish]
MACD /
ARG: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Argo Investments currently has negative MACD of -0.013. This means the signal line is less than the MACD line signalling a bearish movement.

Triangular Moving Average /
[Bearish]: TMA(15) is serving as a resistance line for Argo Investments

[BEARISH]: Argo Investments currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -0.3%.

Daily Volume Index /
Distribution DVI signal for Argo Investments is confirmed

[BEARISH]: Argo Investments (ASX:ARG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -100.

Chaikin Money Flow /
ARG.AX: Bearish relationship forming between price & volume

[BEARISH]: Argo Investments current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.37. Argo Investments (ASX:ARG) received a confirmed CMF crossover days on the Jul 10 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.53 occurring on the Jul 10 2018.

Volume MACD for Argo Investments continues to gain momentum @19620
MACD Volume /
Volume MACD for Argo Investments continues to gain momentum @19620

[BULLISH]: Argo Investments currently has positive Volume MACD of 19620. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Argo Investments: Rate of Change (14)
Rate of Change /
Argo Investments: Rate of Change (14)

[BEARISH]: Argo Investments currently has negative rate of change of -1.768%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Weighted Moving Average /
The WMA trend following signal is still current for Argo Investments [Bearish]

[BEARISH]: Argo Investments currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.3%.

Volume Rate of Change /
Volume rate of change(14) is increasing for Argo Investments

[BULLISH]: Argo Investments currently has positive volume of change of 54%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.3%.

Percentage Price /
Argo Investments currently has negative PPO -0.642

[BEARISH]: Argo Investments currently has negative PPO -0.642%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Ulcer Index /
Ulcer index has fallen as the price rises for Argo Investments

[BEARISH]: Argo Investments UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.125.

[Downtrend]: Aroon oscillator @-72 has confirmed a strong downtrend for ARG
Aroon Oscillator /
[Downtrend]: Aroon oscillator @-72 has confirmed a strong downtrend for ARG

[BEARISH]: Argo Investments has a current ARU(25) of 20 and a current ARD(25) of 92

Argo Investments: 0.618 Fibonacci Retraction (7.86)
Fibonacci Retracements /
Argo Investments: 0.618 Fibonacci Retraction (7.86)

Argo Investments: The current Fibonacci Retraction levels are: (23.61%) $7.74: (38.2%) $7.78: (50%) $7.82: (61.8%) $7.86The current support levels are: (78.6%) $7.91: (100%) $7.98: (138.2%) $8.1: (161.8%) $8.18: (261.8%) $8.5: (423.61%) $9.02

Open Tod Vs Close Tod /
Argo Investments: Buyers have lost control.

[BEARISH]: Argo Investments opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 8.3%.

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