Argentina 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.
ARGT's RSI Indicator ascends from oversold territory
The RSI Indicator for ARGT moved out of oversold territory on June 10, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 21 similar instances when the indicator left oversold territory. In of the 21 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARGT advanced for three days, in of 359 cases, the price rose further within the following month. The odds of a continued upward trend are .
ARGT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 25, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on ARGT as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
ARGT moved below its 50-day moving average on June 17, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ARGT crossed bearishly below the 50-day moving average on June 18, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ARGT entered a downward trend on July 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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