Technical Analysis for ARBK - Argo Blockchain plc

Grade Last Price % Change Price Change
F 1.29 -5.15% -0.07
ARBK closed up 0.74 percent on Tuesday, May 7, 2024, on 34 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish -5.15%
Lizard Bullish Bullish Day Trade Setup -5.15%
Bollinger Band Squeeze Range Contraction -5.15%
NR7 Range Contraction -5.15%
Narrow Range Bar Range Contraction -5.15%
Oversold Stochastic Weakness -5.15%
20 DMA Resistance Bearish -4.44%
MACD Bearish Signal Line Cross Bearish -4.44%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -4.44%
Bollinger Band Squeeze Range Contraction -4.44%

   Recent Intraday Alerts

Alert Time
Down 5% about 1 hour ago
Fell Below Lower Bollinger Band about 1 hour ago
Down 3% about 2 hours ago
Fell Below Previous Day's Low about 2 hours ago
60 Minute Opening Range Breakdown about 2 hours ago

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Profile

Argo Blockchain plc, together with its subsidiary, Argo Blockchain Canada Holdings Inc., engages in the crypto asset mining services worldwide. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. The company was incorporated in 2017 and is headquartered in London, the United Kingdom.
Classification

Sector: Financial Services
Industry: Capital Markets
Keywords: Computing Bitcoin Cryptocurrency Blockchain Decentralization Ethereum

Is ARBK a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 4.45
52 Week Low 0.9201
Average Volume 522,260
200-Day Moving Average 1.63
50-Day Moving Average 1.67
20-Day Moving Average 1.46
10-Day Moving Average 1.43
Average True Range 0.14
RSI (14) 39.39
ADX 8.53
+DI 17.80
-DI 18.76
Chandelier Exit (Long, 3 ATRs) 1.32
Chandelier Exit (Short, 3 ATRs) 1.71
Upper Bollinger Bands 1.61
Lower Bollinger Band 1.30
Percent B (%b) 0.19
BandWidth 21.45
MACD Line -0.09
MACD Signal Line -0.09
MACD Histogram -0.0006
Fundamentals Value
Market Cap 78.49 Million
Num Shares 57.7 Million
EPS -4.26
Price-to-Earnings (P/E) Ratio -0.32
Price-to-Sales 3.23
Price-to-Book 0.33
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.44
Resistance 3 (R3) 1.43 1.40 1.42
Resistance 2 (R2) 1.40 1.38 1.40 1.42
Resistance 1 (R1) 1.38 1.37 1.37 1.39 1.41
Pivot Point 1.35 1.35 1.34 1.35 1.35
Support 1 (S1) 1.33 1.33 1.32 1.34 1.31
Support 2 (S2) 1.30 1.32 1.30 1.30
Support 3 (S3) 1.28 1.30 1.30
Support 4 (S4) 1.29