ARG | Australian Securities Exchange

Argo Investments
+ Share

Argo Investments: Closing price $7.9 is below the EMA(15) @$7.9655
Exponential Moving Average /
Argo Investments: Closing price $7.9 is below the EMA(15) @$7.9655

[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 -0.6%.

Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for ARG
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for ARG

[BEARISH]: Argo Investments has a current ARO(25) of -52. This has change 8 points from yesterday.

Range Tod Vs Range Yest /
ARG: Price range ratio this month versus the year to date price range is 0.3000000000000000000x.

[BULLISH]: Argo Investments buyers are increasingly eager. There has been 2 consecutive days of range increase for ARG adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2100 & the greatest daily price range this year has been $0.7200. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.3x.

Fibonacci Extensions /
Argo Investments has broken below the 161.8% extension level ($23.4) [Bullish]

Argo Investments has moved below the 161.8% level ($23.4) [Bullish]. Look for a long limit order entry near this point. Exit price for ARG should be set @$20.61 & Stoploss for Argo Investments should be set at $26.18

Medium Trend /
Recent trading indicates a continuation in T2 downward trend direction ARG [Downtrend]

[BEARISH]: Argo Investments has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Sep 19 2018.

Donchian Channels /
Donchian Overbought signal continues for Argo Investments indicating downward price movement is likely

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

Argo Investments: CMF(-0.36)
Chaikin Money Flow /
Argo Investments: CMF(-0.36)

[BEARISH]: Argo Investments current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.36. Argo Investments (ASX:ARG) received a confirmed CMF crossover days on the Jul 16 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.4 occurring on the Jul 16 2018.

Percentage Volume /
Argo Investments: Percentage Volume Oscillator @-4.91 [Bearish]

[BEARISH]: Argo Investments currently has negative PVO -4.91%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Argo Investments: Current trading activity signals distribution is present
Accumulation / Distribution /
Argo Investments: Current trading activity signals distribution is present

[BEARISH]: Argo Investments (ASX:ARG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2.20687e+006.

The WMA trend following signal is now active for Argo Investments [Bearish]
Weighted Moving Average /
The WMA trend following signal is now active 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 -0.6%.

On Balance Volume /
Argo Investments: Current trading activity signals OBV accumulation is present

[BULLISH]: Argo Investments current price has highlighted recent accumulation. Currently, the OBV is 2.15204e+006.

Close Tod Vs Range Tod /
Argo Investments: Close versus price range (0%.)

[BEARISH]: Argo Investments sellers in control. This is the first day of seller commitment 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 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 2 days in the upper range giving a ratio of 1.5x.

MACD /
Argo Investments: MACD oscillator (0.007)

[BULLISH]: Argo Investments currently has positive MACD of 0.007. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.5%.

Argo Investments: Volume MACD oscillator (3720)
MACD Volume /
Argo Investments: Volume MACD oscillator (3720)

[BULLISH CROSSOVER]: Argo Investments currently has positive Volume MACD of 3720. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Negative ROC for Argo Investments is a leading indicator for continued price fall
Rate of Change /
Negative ROC for Argo Investments is a leading indicator for continued price fall

[BEARISH]: Argo Investments currently has negative rate of change of -1.619%. 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

Volume Rate of Change /
Argo Investments has initiated a positive volume rate of change of 67

[BULLISH CROSSOVER]: Argo Investments currently has positive volume of change of 67%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.6%.

Black Candle /
ARG Basic Candle: Black

[BEARISH]: Argo Investments has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Percentage Price /
Price percentage oscillator: Downward momentum is still present for Argo Investments

[BEARISH]: Argo Investments currently has negative PPO -0.682%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[Bullish]: Elder Ray Index is 0.017 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.017 indicating bull power

[BULLISH]: Argo Investments Elder Ray Index is signalling a Bullish movementERI is 0.017 indicating bull power. Prices are being driven above the consensus of value for ARG during the last trading session [Buying Pressure]

Argo Investments is in a short term downtrend with the resistance price @$7.937
Sine Weighted Moving Average /
Argo Investments is in a short term downtrend with the resistance price @$7.937

[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 -0.6%.

Argo Investments: Average True Range (0.057) has confirmed an uptrend is present
Average True Range /
Argo Investments: Average True Range (0.057) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Argo Investments has a TR of 0.07, and an ATR(14) of 0.057.

Ulcer Index /
Drawdown for Argo Investments is currently low signalling low stress

[BEARISH]: Argo Investments UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.174.

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 20.78% with a current width of 2.9.

Daily Volume Index /
DVI: Distribution still active for ARG.AX

[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 -253.

Demarks Pivot Points /
Argo Investments: Look for a short limit order entry @$7.9175

Argo Investments has broken the first DeMark support point ($7.9175) [Bearish]. Look for a short limit order entry near this point. Exit price for ARG should be set @$7.8650 & short position stoploss for Argo Investments should be set at $7.935

Argo Investments is in a short term downtrend with the resistance price @$7.9407
Simple Moving Average /
Argo Investments is in a short term downtrend with the resistance price @$7.9407

[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 -0.6%.

Closing price for ARG ($7.9) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for ARG ($7.9) signals sellers are now keener than buyers

ARG: Recent performance signals ->(1) 21 Sep: NEUTRAL (2) 20 Sep: BULLISH (3) 19 Sep: NEUTRAL

Momentum /
Argo Investments currently has negative momentum of -0.13

ARG: MOM Current Signal -> (1) 21 Sep: BEARISH (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

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