Argenx Se American Depositary Shares | ARGX

Daily Technical Analysis of Argenx Se American Depositary Shares

Argenx Se is up a bit on the day, funds flowing in kept the price up 2.37% since yesterday. ARGX is currently at a weak resistance line, price may carry its momentum forward and break through or potentially reverse and head down lower. Hard to say, I probably wouldn't bet the farm on that alone... ARGX hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't presented the buying pressure to make me feel certain it can punch through.

If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $542 level, hard to say where it will go from there though.

Analyst Ratings for Argenx Se By Price Target And Rating

The analysts are pretty neutral on argenx SE right now, so not much useful information here. The current Analysts Sentiment Score is 0.62. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-03-01 HC Wainwright reiterated their rating of Buy and added a price target of $451.00. Robert W. Baird provided a price target decease of -2.97% to $490.00 from $505.00 on 2024-03-01. JMP Securities gave a boost to their price target and moved to $471.00 from $462.00 on 2024-03-01. Scotiabank boosted their price targ by 16.18% to $402.00 on 2024-03-01. Wells Fargo & Company boosted their price targ by 1.27% to $478.00 on 2024-02-20. On 2024-02-15 Wolfe Research started covering argenx SE with a rating of Peer Perform. Piper Sandler gave a boost to their price target and moved to $522.00 from $518.00 on 2024-01-26. Raymond James announced a lowering of their price target to $520.00 from $580.00 on 2023-12-21. Evercore ISI provided a price target decease of -26.6% to $436.00 from $594.00 on 2023-12-21. On 2023-12-20 there was a downgrade announced by Deutsche Bank Aktiengesel from Buy to Hold.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for argenx SE

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for argenx SE

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.