GET DAILY SIGNALSArgentina To Tax Exports and Balance Its Budget
The Argentine government will tax exports to raise revenues and balance its budget a year earlier than planned. The measures follow Peso’s declines and investors' growing concerns over Argentina’s debt financing/repayment abilities.
President Mauricio Macri said that Argentina will also eliminate about half of the current cabinet ministries to curb spending. The government aims to get its budget balanced by next year and generate a budget surplus in 2020, as mentioned by Treasury Minister Nicolas Dujovne.
The peso is undergoing a rough patch in recent times. The peso fell -16% after Macri unexpectedly requested for faster payments from the IMF last Wednesday. The peso is down more than -45% against the U.S. dollar this year.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
ARGT sees MACD Histogram crosses below signal line
ARGT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 26, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In 41 of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 19, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on ARGT as a result. In 75 of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 88%.
The 50-day moving average for ARGT moved below the 200-day moving average on October 09, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARGT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 88%.
The Aroon Indicator for ARGT entered a downward trend on November 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +0.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where ARGT advanced for three days, in 310 of 337 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
ARGT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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