(ARGX) Long Term Investment Analysis

April 19, 2024, 16:10 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ARGX

• Buy ARGX slightly over 343.63 target 410 stop loss @ 342.64 Details

The technical summary data tells us to buy ARGX near 343.63 with an upside target of 410. This data also tells us to set a stop loss @ 342.64 to protect against excessive loss in case the stock begins to move against the trade. 343.63 is the first level of support below 360.23 , and by rule, any test of support is a buy signal. In this case, support 343.63 would be being tested, so a buy signal would exist.

• Short ARGX slightly under 410, target 343.63, stop loss @ 411.18 Details

The technical summary data is suggesting a short of ARGX as it gets near 410 with a downside target of 343.63. We should have a stop loss in place at 411.18though. 410 is the first level of resistance above 360.23, and by rule, any test of resistance is a short signal. In this case, if resistance 410 is being tested, so a short signal would exist.

Swing Trading Plans for ARGX

• Buy ARGX slightly over 369, target 410, Stop Loss @ 367.93 Details

If 369 begins to break higher, the technical summary data tells us to buy ARGX just slightly over 369, with an upside target of 410. The data also tells us to set a stop loss @ 367.93 in case the stock turns against the trade. 369 is the first level of resistance above 360.23, and by rule, any break above resistance is a buy signal. In this case, 369, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ARGX slightly near 369, target 359.33, Stop Loss @ 370.07. Details

The technical summary data is suggesting a short of ARGX if it tests 369 with a downside target of 359.33. We should have a stop loss in place at 370.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 369, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ARGX

• Buy ARGX slightly over 364.88, target 369, Stop Loss @ 364.03 Details

If 364.88 begins to break higher, the technical summary data tells us to buy ARGX just slightly over 364.88, with an upside target of 369. The data also tells us to set a stop loss @ 364.03 in case the stock turns against the trade. 364.88 is the first level of resistance above 360.23, and by rule, any break above resistance is a buy signal. In this case, 364.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ARGX slightly near 364.88, target 359.33, Stop Loss @ 365.73. Details

The technical summary data is suggesting a short of ARGX if it tests 364.88 with a downside target of 359.33. We should have a stop loss in place at 365.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 364.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Argenx Se (ARGX) available here: ARGX.

ARGX Ratings for April 19:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	343.63
P2	355.47	359.33	410
P3	364.88	369	478.88

AI Generated Signals for ARGX

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Technically, Argenx Se (NASDAQ: ARGX) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ARGX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ARGX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ARGX too.  All of these are offered below the Summary Table.