Recent price trends point to good news for Argenx Se shares

Recent price trends point to good news for Argenx Se shares

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Shares in Argenx Se (EBR:ARGX) have been on a solid run over the past year - and that should be good news for investors wondering where the price will move next.

As you can see, in terms of relative price strength the stock has been strong against the market:

  • 1 Month: 39.3%
  • 6 Months: 74.7%
  • 12 Months: 97.5%

This is good news: research shows that price trends often persist – and if a share has been outperforming an index, it has a higher probability of continuing to do so. This comes down to two well-known aspects of investor behaviour:

  • Investors typically under-react to price rises at the start - prices are slow to move up because investors are hesitant to bid prices higher in stocks that have already been on a strong run.
  • ...and then later overreact - investors chasing rising prices attract the attention of other investors, who follow them into those trades, pushing prices higher and higher.

The result is that shares with positive price momentum often see their prices trend higher – and Argenx Se may just be one of those shares.

Of course, there are no certainties about which way a stock will move next. Other factors will influence a share's price in both the short and long term – which is why you must always do your own share research. Shares can be discovered using a screening tool, which lets you 'search the stock market' according to criteria that you specify, such as relative price strength against your local index.


What does this mean for potential investors?

argenx SE is currently among the stocks with the strongest six-month and one-year relative price strength in the market. But momentum on its own is no guarantee of future returns. 

To get a better idea about whether this momentum will continue, it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with argenx SE that you can find out about here.


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argenx SE's StockRank™

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argenx SE's StockRank™

With a StockRank of 11, argenx SE is in the bottom 11% of the 7,586 stocks we cover in Europe, according to our proprietary ranking system.

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