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.
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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.
Momentum Indicator for ARGT turns positive, indicating new upward trend
ARGT saw its Momentum Indicator move above the 0 level on August 24, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned positive. In 78 of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for ARGT just turned positive on August 24, 2026. Looking at past instances where ARGT's MACD turned positive, the stock continued to rise in 41 of 44 cases over the following month. The odds of a continued upward trend are 90%.
ARGT moved above its 50-day moving average on August 24, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ARGT crossed bullishly above the 50-day moving average on August 31, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 15 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +0.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where ARGT advanced for three days, in 310 of 338 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. In 237 of 264 cases where ARGT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bearish Trend Analysis
The 10-day RSI Indicator for ARGT moved out of overbought territory on September 03, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In 30 of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at 83%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 61 of 68 cases where ARGT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 90%.
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%.
ARGT broke above its upper Bollinger Band on September 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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