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Argo Investments Ltd
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PenkeI guess you are interested in Argo Investments Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Argo Investments Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Argo Investments Ltd (30 sec.)










What can you expect buying and holding a share of Argo Investments Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.70
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$7.88
Expected worth in 1 year
A$9.78
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
A$2.96
Return On Investment
33.7%

For what price can you sell your share?

Current Price per Share
A$8.79
Expected price per share
A$8.7055551839465 - A$9.021922406181
How sure are you?
50%

1. Valuation of Argo Investments Ltd (5 min.)




Live pricePrice per Share (EOD)

A$8.79

Intrinsic Value Per Share

A$1.86 - A$4.80

Total Value Per Share

A$9.74 - A$12.68

2. Growth of Argo Investments Ltd (5 min.)




Is Argo Investments Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$3.9b$3.6b$237m6.0%

How much money is Argo Investments Ltd making?

Current yearPrevious yearGrowGrow %
Making money$178.3m$205.3m-$27m-15.2%
Net Profit Margin91.8%94.3%--

How much money comes from the company's main activities?

3. Financial Health of Argo Investments Ltd (5 min.)




4. Comparing to competitors in the Asset Management industry (5 min.)




  Industry Rankings (Asset Management)  


Richest
#64 / 765

Most Revenue
#108 / 765

Most Profit
#54 / 765

Most Efficient
#266 / 765

What can you expect buying and holding a share of Argo Investments Ltd? (5 min.)

Welcome investor! Argo Investments Ltd's management wants to use your money to grow the business. In return you get a share of Argo Investments Ltd.

What can you expect buying and holding a share of Argo Investments Ltd?

First you should know what it really means to hold a share of Argo Investments Ltd. And how you can make/lose money.

Speculation

The Price per Share of Argo Investments Ltd is A$8.79. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Argo Investments Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Argo Investments Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$7.88. Based on the TTM, the Book Value Change Per Share is A$0.47 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.01 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.27 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Argo Investments Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.232.7%0.232.7%0.273.1%0.222.5%0.202.3%
Usd Book Value Change Per Share0.313.5%0.313.5%-0.01-0.1%0.161.8%0.192.2%
Usd Dividend Per Share0.172.0%0.172.0%0.151.7%0.161.8%0.151.7%
Usd Total Gains Per Share0.495.5%0.495.5%0.141.6%0.323.6%0.343.9%
Usd Price Per Share5.75-5.75-5.78-5.49-5.28-
Price to Earnings Ratio24.54-24.54-21.41-26.72-27.11-
Price-to-Total Gains Ratio11.83-11.83-39.84-11.79-19.62-
Price to Book Ratio1.11-1.11-1.19-1.17-1.23-
Price-to-Total Gains Ratio11.83-11.83-39.84-11.79-19.62-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.768877
Number of shares173
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.170.16
Usd Book Value Change Per Share0.310.16
Usd Total Gains Per Share0.490.32
Gains per Quarter (173 shares)84.1154.86
Gains per Year (173 shares)336.43219.43
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1121216326110110209
2242431662219220428
3363647998329330647
44848621334438439866
5605107816705485491085
6726129320066576591304
7846150923427677691523
8967172426788778791742
91088194030149869891961
10120921553350109610992180

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%24.08.02.070.6%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%7.03.00.070.0%27.07.00.079.4%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%33.00.01.097.1%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%9.01.00.090.0%30.04.00.088.2%

Fundamentals of Argo Investments Ltd

About Argo Investments Ltd

Argo Investments Limited is a publicly owned investment manager. The firm manages separate client focused equity portfolios for its clients. It invests in public equity markets of Australia. The firm employs a qualitative analysis with bottom-up stock picking approach to create its portfolio. It conducts in-house analysis to make its investments. Argo Investments Limited was founded in 1946 and is based in Adelaide, Australia with an additional office in Sydney, Australia.

Fundamental data was last updated by Penke on 2024-03-18 22:12:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Argo Investments Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Argo Investments Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Argo Investments Ltd to the Asset Management industry mean.
  • A Net Profit Margin of 91.8% means that $0.92 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Argo Investments Ltd:

  • The MRQ is 91.8%. The company is making a huge profit. +2
  • The TTM is 91.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ91.8%TTM91.8%0.0%
TTM91.8%YOY94.3%-2.5%
TTM91.8%5Y92.7%-0.8%
5Y92.7%10Y92.1%+0.6%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ91.8%65.7%+26.1%
TTM91.8%65.4%+26.4%
YOY94.3%71.9%+22.4%
5Y92.7%62.9%+29.8%
10Y92.1%58.1%+34.0%
1.1.2. Return on Assets

Shows how efficient Argo Investments Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Argo Investments Ltd to the Asset Management industry mean.
  • 3.9% Return on Assets means that Argo Investments Ltd generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Argo Investments Ltd:

  • The MRQ is 3.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.9%TTM3.9%0.0%
TTM3.9%YOY4.9%-0.9%
TTM3.9%5Y4.0%-0.1%
5Y4.0%10Y4.1%-0.1%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ3.9%0.8%+3.1%
TTM3.9%0.8%+3.1%
YOY4.9%1.1%+3.8%
5Y4.0%1.5%+2.5%
10Y4.1%2.1%+2.0%
1.1.3. Return on Equity

Shows how efficient Argo Investments Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Argo Investments Ltd to the Asset Management industry mean.
  • 4.5% Return on Equity means Argo Investments Ltd generated $0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Argo Investments Ltd:

  • The MRQ is 4.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ4.5%TTM4.5%0.0%
TTM4.5%YOY5.6%-1.0%
TTM4.5%5Y4.6%-0.1%
5Y4.6%10Y4.6%-0.1%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ4.5%1.7%+2.8%
TTM4.5%1.8%+2.7%
YOY5.6%2.2%+3.4%
5Y4.6%2.6%+2.0%
10Y4.6%3.3%+1.3%

1.2. Operating Efficiency of Argo Investments Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Argo Investments Ltd is operating .

  • Measures how much profit Argo Investments Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Argo Investments Ltd to the Asset Management industry mean.
  • An Operating Margin of 91.3% means the company generated $0.91  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Argo Investments Ltd:

  • The MRQ is 91.3%. The company is operating very efficient. +2
  • The TTM is 91.3%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ91.3%TTM91.3%0.0%
TTM91.3%YOY97.2%-5.9%
TTM91.3%5Y96.6%-5.3%
5Y96.6%10Y95.8%+0.9%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ91.3%84.2%+7.1%
TTM91.3%66.1%+25.2%
YOY97.2%70.8%+26.4%
5Y96.6%55.5%+41.1%
10Y95.8%49.9%+45.9%
1.2.2. Operating Ratio

Measures how efficient Argo Investments Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Asset Management industry mean).
  • An Operation Ratio of 0.09 means that the operating costs are $0.09 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Argo Investments Ltd:

  • The MRQ is 0.093. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.093. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.093TTM0.0930.000
TTM0.093YOY0.011+0.082
TTM0.0935Y0.040+0.054
5Y0.04010Y0.037+0.003
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0930.384-0.291
TTM0.0930.428-0.335
YOY0.0110.316-0.305
5Y0.0400.434-0.394
10Y0.0370.508-0.471

1.3. Liquidity of Argo Investments Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Argo Investments Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Asset Management industry mean).
  • A Current Ratio of 6.92 means the company has $6.92 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Argo Investments Ltd:

  • The MRQ is 6.919. The company is very able to pay all its short-term debts. +2
  • The TTM is 6.919. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ6.919TTM6.9190.000
TTM6.919YOY4.336+2.583
TTM6.9195Y64.462-57.543
5Y64.46210Y39.483+24.980
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ6.9193.222+3.697
TTM6.9193.194+3.725
YOY4.3363.916+0.420
5Y64.4625.729+58.733
10Y39.4836.529+32.954
1.3.2. Quick Ratio

Measures if Argo Investments Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Argo Investments Ltd to the Asset Management industry mean.
  • A Quick Ratio of 7.34 means the company can pay off $7.34 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Argo Investments Ltd:

  • The MRQ is 7.338. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 7.338. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ7.338TTM7.3380.000
TTM7.338YOY4.866+2.472
TTM7.3385Y66.672-59.334
5Y66.67210Y38.876+27.796
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ7.3383.168+4.170
TTM7.3383.519+3.819
YOY4.8664.290+0.576
5Y66.6726.780+59.892
10Y38.8765.970+32.906

1.4. Solvency of Argo Investments Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Argo Investments Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Argo Investments Ltd to Asset Management industry mean.
  • A Debt to Asset Ratio of 0.13 means that Argo Investments Ltd assets are financed with 12.9% credit (debt) and the remaining percentage (100% - 12.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Argo Investments Ltd:

  • The MRQ is 0.129. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.129. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.129TTM0.1290.000
TTM0.129YOY0.123+0.006
TTM0.1295Y0.126+0.003
5Y0.12610Y0.125+0.001
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1290.185-0.056
TTM0.1290.182-0.053
YOY0.1230.195-0.072
5Y0.1260.191-0.065
10Y0.1250.190-0.065
1.4.2. Debt to Equity Ratio

Measures if Argo Investments Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Argo Investments Ltd to the Asset Management industry mean.
  • A Debt to Equity ratio of 14.8% means that company has $0.15 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Argo Investments Ltd:

  • The MRQ is 0.148. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.148. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.148TTM0.1480.000
TTM0.148YOY0.140+0.008
TTM0.1485Y0.145+0.004
5Y0.14510Y0.143+0.001
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1480.215-0.067
TTM0.1480.220-0.072
YOY0.1400.233-0.093
5Y0.1450.253-0.108
10Y0.1430.262-0.119

2. Market Valuation of Argo Investments Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Argo Investments Ltd generates.

  • Above 15 is considered overpriced but always compare Argo Investments Ltd to the Asset Management industry mean.
  • A PE ratio of 24.54 means the investor is paying $24.54 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Argo Investments Ltd:

  • The EOD is 24.627. Based on the earnings, the company is fair priced.
  • The MRQ is 24.543. Based on the earnings, the company is fair priced.
  • The TTM is 24.543. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD24.627MRQ24.543+0.084
MRQ24.543TTM24.5430.000
TTM24.543YOY21.407+3.136
TTM24.5435Y26.716-2.174
5Y26.71610Y27.110-0.393
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD24.6275.204+19.423
MRQ24.5435.091+19.452
TTM24.5434.889+19.654
YOY21.4074.192+17.215
5Y26.7165.215+21.501
10Y27.1107.761+19.349
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Argo Investments Ltd:

  • The EOD is 28.606. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 28.508. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 28.508. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD28.606MRQ28.508+0.098
MRQ28.508TTM28.5080.000
TTM28.508YOY34.194-5.686
TTM28.5085Y-2,757.622+2,786.130
5Y-2,757.62210Y-1,308.251-1,449.371
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD28.6064.197+24.409
MRQ28.5083.889+24.619
TTM28.5083.392+25.116
YOY34.1942.525+31.669
5Y-2,757.6222.539-2,760.161
10Y-1,308.2512.726-1,310.977
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Argo Investments Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Asset Management industry mean).
  • A PB ratio of 1.11 means the investor is paying $1.11 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Argo Investments Ltd:

  • The EOD is 1.116. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.112. Based on the equity, the company is underpriced. +1
  • The TTM is 1.112. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.116MRQ1.112+0.004
MRQ1.112TTM1.1120.000
TTM1.112YOY1.188-0.077
TTM1.1125Y1.166-0.054
5Y1.16610Y1.229-0.063
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD1.1160.931+0.185
MRQ1.1120.917+0.195
TTM1.1120.915+0.197
YOY1.1880.988+0.200
5Y1.1661.001+0.165
10Y1.2291.149+0.080
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Argo Investments Ltd.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Argo Investments Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4750.4750%-0.010+102%0.242+96%0.294+62%
Book Value Per Share--7.8797.8790%7.405+6%7.172+10%6.582+20%
Current Ratio--6.9196.9190%4.336+60%64.462-89%39.483-82%
Debt To Asset Ratio--0.1290.1290%0.123+5%0.126+2%0.125+3%
Debt To Equity Ratio--0.1480.1480%0.140+6%0.145+3%0.143+3%
Dividend Per Share--0.2660.2660%0.231+15%0.241+10%0.227+17%
Eps--0.3570.3570%0.411-13%0.329+9%0.305+17%
Free Cash Flow Per Share--0.3070.3070%0.257+19%0.208+48%0.206+49%
Free Cash Flow To Equity Per Share--0.0400.0400%0.277-85%0.017+142%0.044-7%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--4.800--------
Intrinsic Value_10Y_min--1.859--------
Intrinsic Value_1Y_max--0.304--------
Intrinsic Value_1Y_min--0.203--------
Intrinsic Value_3Y_max--1.047--------
Intrinsic Value_3Y_min--0.599--------
Intrinsic Value_5Y_max--1.954--------
Intrinsic Value_5Y_min--0.980--------
Market Cap6691317039.360+0%6668479779.8406668479779.8400%6698929459.2000%6363982986.240+5%6121146793.344+9%
Net Profit Margin--0.9180.9180%0.943-3%0.927-1%0.9210%
Operating Margin--0.9130.9130%0.972-6%0.966-6%0.958-5%
Operating Ratio--0.0930.0930%0.011+717%0.040+136%0.037+153%
Pb Ratio1.116+0%1.1121.1120%1.188-6%1.166-5%1.229-10%
Pe Ratio24.627+0%24.54324.5430%21.407+15%26.716-8%27.110-9%
Price Per Share8.790+0%8.7608.7600%8.8000%8.360+5%8.041+9%
Price To Free Cash Flow Ratio28.606+0%28.50828.5080%34.194-17%-2757.622+9773%-1308.251+4689%
Price To Total Gains Ratio11.866+0%11.82511.8250%39.843-70%11.789+0%19.622-40%
Quick Ratio--7.3387.3380%4.866+51%66.672-89%38.876-81%
Return On Assets--0.0390.0390%0.049-19%0.040-2%0.041-3%
Return On Equity--0.0450.0450%0.056-18%0.046-1%0.046-3%
Total Gains Per Share--0.7410.7410%0.221+235%0.483+53%0.520+42%
Usd Book Value--3936428989.3003936428989.3000%3699360303.300+6%3583277765.840+10%3288329720.320+20%
Usd Book Value Change Per Share--0.3110.3110%-0.007+102%0.159+96%0.193+62%
Usd Book Value Per Share--5.1715.1710%4.860+6%4.707+10%4.320+20%
Usd Dividend Per Share--0.1750.1750%0.152+15%0.158+10%0.149+17%
Usd Eps--0.2340.2340%0.270-13%0.216+9%0.200+17%
Usd Free Cash Flow--153518414.500153518414.5000%128575076.700+19%103982334.360+48%102780780.320+49%
Usd Free Cash Flow Per Share--0.2020.2020%0.169+19%0.137+48%0.135+49%
Usd Free Cash Flow To Equity Per Share--0.0260.0260%0.182-85%0.011+142%0.029-7%
Usd Market Cap4391511372.932+0%4376523279.5094376523279.5090%4396507404.0730%4176682033.869+5%4017308640.472+9%
Usd Price Per Share5.769+0%5.7495.7490%5.7750%5.487+5%5.277+9%
Usd Profit--178321304.100178321304.1000%205374646.400-13%164173838.780+9%152354860.230+17%
Usd Revenue--194149947.500194149947.5000%217789873.500-11%176958431.520+10%165278785.460+17%
Usd Total Gains Per Share--0.4860.4860%0.145+235%0.317+53%0.342+42%
 EOD+4 -4MRQTTM+0 -0YOY+17 -185Y+24 -1110Y+21 -14

4.2. Fundamental Score

Let's check the fundamental score of Argo Investments Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1524.627
Price to Book Ratio (EOD)Between0-11.116
Net Profit Margin (MRQ)Greater than00.918
Operating Margin (MRQ)Greater than00.913
Quick Ratio (MRQ)Greater than17.338
Current Ratio (MRQ)Greater than16.919
Debt to Asset Ratio (MRQ)Less than10.129
Debt to Equity Ratio (MRQ)Less than10.148
Return on Equity (MRQ)Greater than0.150.045
Return on Assets (MRQ)Greater than0.050.039
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of Argo Investments Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.700
Ma 20Greater thanMa 508.821
Ma 50Greater thanMa 1008.831
Ma 100Greater thanMa 2008.651
OpenGreater thanClose8.770
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets6,886,964
Total Liabilities889,053
Total Stockholder Equity5,997,911
 As reported
Total Liabilities 889,053
Total Stockholder Equity+ 5,997,911
Total Assets = 6,886,964

Assets

Total Assets6,886,964
Total Current Assets172,597
Long-term Assets6,714,367
Total Current Assets
Cash And Cash Equivalents 125,255
Short-term Investments 10,452
Net Receivables 36,890
Inventory -841
Other Current Assets 841
Total Current Assets  (as reported)172,597
Total Current Assets  (calculated)172,597
+/-0
Long-term Assets
Property Plant Equipment 599
Long Term Investments 6,724,220
Long-term Assets Other -10,452
Long-term Assets  (as reported)6,714,367
Long-term Assets  (calculated)6,714,367
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities24,945
Long-term Liabilities863,783
Total Stockholder Equity5,997,911
Total Current Liabilities
Accounts payable 167
Other Current Liabilities 24,778
Total Current Liabilities  (as reported)24,945
Total Current Liabilities  (calculated)24,945
+/-0
Long-term Liabilities
Long term Debt Total 167
Other Liabilities 864,108
Long-term Liabilities  (as reported)863,783
Long-term Liabilities  (calculated)864,275
+/- 492
Total Stockholder Equity
Common Stock3,204,096
Retained Earnings 753,027
Other Stockholders Equity 2,040,788
Total Stockholder Equity (as reported)5,997,911
Total Stockholder Equity (calculated)5,997,911
+/-0
Other
Capital Stock3,204,096
Cash And Equivalents125,255
Cash and Short Term Investments 135,707
Common Stock Shares Outstanding 753,110
Liabilities and Stockholders Equity 6,886,964
Net Debt -125,255
Net Tangible Assets 5,997,911
Net Working Capital 147,652
Property Plant and Equipment Gross 2,458



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-302005-06-302004-06-302003-06-302002-06-302001-06-302000-06-301999-06-301998-06-301997-06-301996-06-301995-06-301994-06-301993-06-301992-06-301991-06-301990-06-301989-06-30
> Total Assets 
210,438
253,593
260,768
539,646
603,532
661,308
634,113
743,852
1,024,621
1,103,002
1,242,920
1,307,550
1,525,204
1,706,999
1,725,389
2,211,381
2,789,875
3,306,938
4,616,454
3,909,675
3,127,445
3,561,400
3,838,216
3,493,084
4,232,680
4,912,162
5,034,649
4,854,537
5,399,358
5,848,938
6,064,311
5,283,538
6,607,251
6,424,615
6,886,964
6,886,9646,424,6156,607,2515,283,5386,064,3115,848,9385,399,3584,854,5375,034,6494,912,1624,232,6803,493,0843,838,2163,561,4003,127,4453,909,6754,616,4543,306,9382,789,8752,211,3811,725,3891,706,9991,525,2041,307,5501,242,9201,103,0021,024,621743,852634,113661,308603,532539,646260,768253,593210,438
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
235,227
117,855
141,815
311,133
362,429
305,329
212,825
216,095
204,773
172,597
172,597204,773216,095212,825305,329362,429311,133141,815117,855235,2270000000000000000000000000
       Cash And Cash Equivalents 
43,062
42,462
41,299
9,987
15,650
7,779
12,096
13,140
11,145
38,521
22,302
89,020
64,896
141,010
152,836
281,044
160,681
168,466
424,225
228,281
89,961
187,270
82,095
141,727
135,910
126,893
77,644
93,144
209,483
108,519
219,006
168,728
179,297
134,718
125,255
125,255134,718179,297168,728219,006108,519209,48393,14477,644126,893135,910141,72782,095187,27089,961228,281424,225168,466160,681281,044152,836141,01064,89689,02022,30238,52111,14513,14012,0967,77915,6509,98741,29942,46243,062
       Short-term Investments 
0
0
0
0
0
0
0
0
9,391
14,917
2,283
6,873
2,379
163
78
281,044
207,405
168,466
0
299
1,621
45,000
60,000
10,000
60,000
70,000
1,660
1,865
40,000
120,000
10,595
12,500
10,088
25,000
10,452
10,45225,00010,08812,50010,595120,00040,0001,8651,66070,00060,00010,00060,00045,0001,6212990168,466207,405281,044781632,3796,8732,28314,9179,39100000000
       Net Receivables 
1,349
1,992
1,729
317
1,034
883
174
544
13,319
6,881
8,934
10,821
11,763
16,501
15,771
15,638
23,380
23,853
30,215
33,527
36,420
24,628
27,873
34,400
33,125
38,334
38,551
41,178
52,620
123,259
86,323
17,063
26,710
30,649
36,890
36,89030,64926,71017,06386,323123,25952,62041,17838,55138,33433,12534,40027,87324,62836,42033,52730,21523,85323,38015,63815,77116,50111,76310,8218,9346,88113,3195441748831,0343171,7291,9921,349
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,993
511
540
841
84154051114,9930000000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,758,926
5,070,713
6,391,156
6,219,842
6,714,367
6,714,3676,219,8426,391,1565,070,7135,758,926000000000000000000000000000000
       Property Plant Equipment 
54
74
121
96
365
14,430
181
157
126
126
113
133
101
134
172
200
472
439
431
513
604
577
491
427
383
345
323
326
275
261
537
1,789
1,380
992
599
5999921,3801,78953726127532632334538342749157760451343143947220017213410113311312612615718114,430365961217454
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,676,433
4,916,333
4,714,142
5,136,980
5,616,899
5,758,389
5,071,424
6,399,864
6,258,256
6,724,220
6,724,2206,258,2566,399,8645,071,4245,758,3895,616,8995,136,9804,714,1424,916,3334,676,4330000000000000000000000000
> Total Liabilities 
11,526
17,060
15,293
39,183
33,682
46,131
37,012
61,473
127,923
125,273
161,560
142,553
197,454
234,759
186,628
259,978
406,767
520,704
757,693
490,478
232,890
333,290
395,055
283,741
470,681
623,453
623,245
543,332
682,844
771,790
766,481
561,299
962,838
787,924
889,053
889,053787,924962,838561,299766,481771,790682,844543,332623,245623,453470,681283,741395,055333,290232,890490,478757,693520,704406,767259,978186,628234,759197,454142,553161,560125,273127,92361,47337,01246,13133,68239,18315,29317,06011,526
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,139
5,044
6,809
35,444
36,982
1,055
12,567
45,890
47,223
24,945
24,94547,22345,89012,5671,05536,98235,4446,8095,04424,1390000000000000000000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
9,391
14,917
2,283
6,873
2,379
163
78
0
0
0
0
0
0
45,000
0
10,000
60,000
70,000
0
0
40,000
120,000
0
0
0
0
0
00000120,00040,0000070,00060,00010,000045,000000000781632,3796,8732,28314,9179,39100000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,468
4,322
0
0
0
0
0
0
0
0
0
1,069
3,009
10,243
1,055
1,055
748
416
167
1674167481,0551,05510,2433,0091,0690000000004,3223,4680000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,509
4,616
6,342
34,904
36,413
-1,055
11,512
45,142
46,807
24,778
24,77846,80745,14211,512-1,05536,41334,9046,3424,61623,5090000000000000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
766,481
547,538
916,024
740,134
863,783
863,783740,134916,024547,538766,481000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,055
748
416
167
1674167481,0550000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
27,281
11,484
43,178
4,499
9,753
11,320
1,053
31,095
23,133
3,028
3,125
20,314
14,420
21,907
24,261
618,201
536,523
647,400
734,808
766,676
547,677
916,200
740,285
864,108
864,108740,285916,200547,677766,676734,808647,400536,523618,20124,26121,90714,42020,3143,1253,02823,13331,0951,05311,3209,7534,49943,17811,48427,28100000000000
> Total Stockholder Equity
198,912
236,533
245,475
500,463
569,850
615,177
597,101
682,379
896,698
977,729
1,081,360
1,164,997
1,327,750
1,472,240
1,538,761
1,951,403
2,383,108
2,786,234
3,858,761
3,419,197
2,894,555
3,228,110
3,443,161
3,209,343
3,761,999
4,288,709
4,411,404
4,311,205
4,716,514
5,077,148
5,271,319
4,722,239
5,644,413
5,636,691
5,997,911
5,997,9115,636,6915,644,4134,722,2395,271,3195,077,1484,716,5144,311,2054,411,4044,288,7093,761,9993,209,3433,443,1613,228,1102,894,5553,419,1973,858,7612,786,2342,383,1081,951,4031,538,7611,472,2401,327,7501,164,9971,081,360977,729896,698682,379597,101615,177569,850500,463245,475236,533198,912
   Common Stock
120,587
144,756
145,956
165,647
192,918
193,133
193,133
220,155
254,194
283,424
409,221
439,389
626,747
759,117
809,166
1,049,543
1,120,674
1,219,990
1,725,212
1,865,056
1,943,944
2,083,247
2,167,020
2,198,081
2,304,790
2,437,259
2,473,320
2,572,213
2,671,527
2,795,816
2,838,980
2,883,783
2,921,659
3,155,136
3,204,096
3,204,0963,155,1362,921,6592,883,7832,838,9802,795,8162,671,5272,572,2132,473,3202,437,2592,304,7902,198,0812,167,0202,083,2471,943,9441,865,0561,725,2121,219,9901,120,6741,049,543809,166759,117626,747439,389409,221283,424254,194220,155193,133193,133192,918165,647145,956144,756120,587
   Retained Earnings 
5,996
9,213
11,799
10,107
8,652
9,428
11,950
15,826
23,871
24,870
29,503
33,858
40,126
42,002
85,261
93,335
111,651
135,699
166,821
197,625
205,618
213,732
239,866
257,833
275,887
302,519
341,572
372,955
375,456
410,203
503,831
495,500
467,467
620,545
753,027
753,027620,545467,467495,500503,831410,203375,456372,955341,572302,519275,887257,833239,866213,732205,618197,625166,821135,699111,65193,33585,26142,00240,12633,85829,50324,87023,87115,82611,9509,4288,65210,10711,7999,2135,996
   Capital Surplus 00000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000
   Other Stockholders Equity 
72,329
82,564
87,720
324,709
368,553
412,927
392,174
446,591
618,861
669,668
642,906
692,019
661,182
671,461
0
0
0
0
0
0
0
0
0
0
0
239,436
241,581
210,198
246,223
251,965
275,091
239,119
264,513
322,935
2,040,788
2,040,788322,935264,513239,119275,091251,965246,223210,198241,581239,43600000000000671,461661,182692,019642,906669,668618,861446,591392,174412,927368,553324,70987,72082,56472,329



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue295,825
Cost of Revenue-15,278
Gross Profit280,547280,547
 
Operating Income (+$)
Gross Profit280,547
Operating Expense-12,276
Operating Income270,058268,271
 
Operating Expense (+$)
Research Development0
Selling General Administrative10,053
Selling And Marketing Expenses0
Operating Expense12,27610,053
 
Net Interest Income (+$)
Interest Income0
Interest Expense-0
Other Finance Cost-0
Net Interest Income0
 
Pretax Income (+$)
Operating Income270,058
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)292,823247,293
EBIT - interestExpense = 270,058
292,823
271,707
Interest Expense0
Earnings Before Interest and Taxes (EBIT)270,058292,823
Earnings Before Interest and Taxes (EBITDA)270,494
 
After tax Income (+$)
Income Before Tax292,823
Tax Provision-21,116
Net Income From Continuing Ops271,707271,707
Net Income271,707
Net Income Applicable To Common Shares271,707
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses12,276
Total Other Income/Expenses Net22,7650
 

Technical Analysis of Argo Investments Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Argo Investments Ltd. The general trend of Argo Investments Ltd is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Argo Investments Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Argo Investments Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 8.7764973333333 < 8.95 < 9.021922406181.

The bearish price targets are: 8.7371659192825 > 8.7055582039911 > 8.7055551839465.

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Argo Investments Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Argo Investments Ltd. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Argo Investments Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Argo Investments Ltd. The current macd is -0.01443276.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Argo Investments Ltd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Argo Investments Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Argo Investments Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Argo Investments Ltd Daily Moving Average Convergence/Divergence (MACD) ChartArgo Investments Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Argo Investments Ltd. The current adx is 14.01.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Argo Investments Ltd shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Argo Investments Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Argo Investments Ltd. The current sar is 8.940496.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Argo Investments Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Argo Investments Ltd. The current rsi is 46.70. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Argo Investments Ltd Daily Relative Strength Index (RSI) ChartArgo Investments Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Argo Investments Ltd. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Argo Investments Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Argo Investments Ltd Daily Stochastic Oscillator ChartArgo Investments Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Argo Investments Ltd. The current cci is -95.23809524.

Argo Investments Ltd Daily Commodity Channel Index (CCI) ChartArgo Investments Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Argo Investments Ltd. The current cmo is -8.6363562.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Argo Investments Ltd Daily Chande Momentum Oscillator (CMO) ChartArgo Investments Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Argo Investments Ltd. The current willr is -66.66666667.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Argo Investments Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Argo Investments Ltd Daily Williams %R ChartArgo Investments Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Argo Investments Ltd.

Argo Investments Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Argo Investments Ltd. The current atr is 0.07864781.

Argo Investments Ltd Daily Average True Range (ATR) ChartArgo Investments Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Argo Investments Ltd. The current obv is -2,635,058.

Argo Investments Ltd Daily On-Balance Volume (OBV) ChartArgo Investments Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Argo Investments Ltd. The current mfi is 41.46.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Argo Investments Ltd Daily Money Flow Index (MFI) ChartArgo Investments Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Argo Investments Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-31STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-03CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-17CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-31WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-14WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Argo Investments Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Argo Investments Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.700
Ma 20Greater thanMa 508.821
Ma 50Greater thanMa 1008.831
Ma 100Greater thanMa 2008.651
OpenGreater thanClose8.770
Total2/5 (40.0%)
Penke

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