ARG | Australian Securities Exchange

Argo Investments
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Price dipped caused by low volume trading for Argo Investments during last trading session
Ease of Movement /
Price dipped caused by low volume trading for Argo Investments during last trading session

[BEARISH]: Argo Investments current price have moved downwards on low volume. Currently, the Ease of Movement is -6.449

Argo Investments: Pivot Point ($7.753)
Pivot Points /
Argo Investments: Pivot Point ($7.753)

Argo Investments current pivot point is: 7.753. The current resistance levels are: (R2) $7.833: (R2) $7.833: (R3) $7.866: The current support levels are: (S1) $7.706: (S2) $7.673: (S3) $7.626

Donchian Channels /
Upper Donchian Band Overbought signal had been maintained for Argo Investments

[BEARISH]: Argo Investments is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

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

[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 -3.0%.

Triangular Moving Average /
Argo Investments is in a short term downtrend with the resistance price @$7.819

[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 -3.0%.

Close Tod Vs Range Tod /
The daily battle of control for Argo Investments was won again by the sellers

[BEARISH]: Argo Investments sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Argo Investments adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 18.2%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 4 days in the upper range giving a ratio of 0.5x.

Positive momentum on volume for ARG is maintained & supports a bullish move is likely
Percentage Volume /
Positive momentum on volume for ARG is maintained & supports a bullish move is likely

[BULLISH]: Argo Investments currently has positive PVO 12.86%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Supertrend /
Daily trading has confirmed a Supertrend downtrend (7.994) for Argo Investments

[BEARISH]: Argo Investments has a current Supertrend of 7.994. This has change 0.191 points from yesterday.

14-day momentum is now decreasing for Argo Investments
Momentum /
14-day momentum is now decreasing for Argo Investments

[BEARISH CROSSOVER]: Argo Investments currently has negative momentum of -0.06 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -3%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%.

Daily trading has confirmed the DPO(20) is bullish for Argo Investments
Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Argo Investments

[BULLISH]: Argo Investments currently has a confirmed uptrend. Price is currently above the displaced moving average for ARG. Currently, the return on DPO20 is -3.0%.

Tricklar Trend /
Daily trading has maintained an Uptrend medium trend for Argo Investments

[BULLISH]: Argo Investments has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Feb 12 2019.

MACD Volume /
[Bullish Crossover]: Argo Investments currently has positive Volume MACD histogram 4987

ARG: Volume MACD Current Signal -> (1) 15 Feb: BULLISH CROSSOVER (2) 14 Feb: BEARISH CROSSOVER (3) 13 Feb: BULLISH

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Argo Investments

[BEARISH]: Argo Investments UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.968.

Bearish conditions for ARG have commenced based on EFI (-1652)
Elders Force Index /
Bearish conditions for ARG have commenced based on EFI (-1652)

ARG: Elders Force Index Current Signal -> (1) 15 Feb: BEARISH CROSSOVER (2) 14 Feb: BULLISH (3) 13 Feb: BULLISH

Fibonacci Fans /
Argo Investments has broken below the 61.8% retracement fan level ($2.76) [Bearish]

Argo Investments has moved below the 61.8% retracement level ($2.76) [Bearish]. Look for a short limit order entry near this point. Exit price for ARG should be set @$2.49 & short position stoploss for Argo Investments should be set between $2.51

Elder Ray Index /
Bear power has increased for Argo Investments signalling bearish conditions are likely

[BEARISH]: Argo Investments Elder Ray Index is signalling a Bearish movementERI is -0.192 indicating bear power. Prices are being driven below the consensus of value for ARG during the last trading session [Selling Pressure]

On Balance Volume /
ARG.AX: Current trading activity signals OBV accumulation is active

[BULLISH]: Argo Investments current price has highlighted recent accumulation. Currently, the OBV is 31954.8.

Argo Investments: 0.618 Fibonacci Retraction (7.49)
Fibonacci Retracements /
Argo Investments: 0.618 Fibonacci Retraction (7.49)

Argo Investments: The current Fibonacci Retraction levels are: (23.61%) $7.96: (38.2%) $7.57: (50%) $7.53: (61.8%) $7.49The current support levels are: (78.6%) $7.43: (100%) $7.36: (138.2%) $7.23: (161.8%) $7.15: (261.8%) $6.81: (423.61%) $6.26

[Uptrend]: Average True Range @0.078 has confirmed an uptrend for ARG
Average True Range /
[Uptrend]: Average True Range @0.078 has confirmed an uptrend for ARG

[Bullish]: Average True Range has confirmed an uptrend is present. Argo Investments has a TR of 0.26, and an ATR(14) of 0.078.

Argo Investments is being actively accumulated based on DVI
Daily Volume Index /
Argo Investments is being actively accumulated based on DVI

[BULLISH]: Argo Investments (ASX:ARG) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 35.

Average Directional Movement /
Average Directional Index for Argo Investments has signalled a strong trend is active

[Trend]: ADX for ARG has confirmed a strong trend is present. Argo Investments has an ATR(14) of 0.078, a DX of 27.24 & an ADX(14) of 33.38

Rate of Change /
Negative ROC confirmation for ARG is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Argo Investments currently has negative rate of change of -0.769%. 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

Aroon Oscillator /
Argo Investments: Aroon oscillator (76) has confirmed a strong uptrend is present

[BULLISH]: Argo Investments has a current ARO(25) of 76. This has change 0 points from yesterday.

Sine Weighted Moving Average /
Argo Investments is in a short term downtrend with the closing price @$7.74

[BEARISH]: Argo Investments currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -3.0%.

Market movement acceleration likely for ARG as a result of Green Day
Bill Williams Market Facilitation /
Market movement acceleration likely for ARG as a result of Green Day

Argo Investments Currently is a confirmed Green Day. Both MFI & volume are down for ARG. Trend continuation likely for ARG from increased trading activity.

Closing price for ARG ($7.74) signals sellers are still keener than buyers
Close Tod Vs Close Yest /
Closing price for ARG ($7.74) signals sellers are still keener than buyers

ARG: Recent performance signals ->(1) 15 Feb: NEUTRAL (2) 14 Feb: NEUTRAL (3) 13 Feb: BULLISH

Gap Down /
A short term Gap Down has formed with Argo Investments

[BULLISH]: A short term Gap Down has formed with Argo Investments which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

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