ARGAN Shares Hit Annual Low at €62.40 with a RSI of 24
ARGAN shares rose by 0.96% during the session this Friday, reaching €63.40, after hitting a new annual low of €62.40 on Thursday. Three technical signals are converging simultaneously: a RSI dropped to 24, an annual low reached. This confluence merits a holistic rather than a signal-by-signal analysis.
The technical roadmap of ARGAN is clear: since the peak on February 27 at €71.10, the stock has lost more than 12% in less than two weeks. The RSI, at 24 this Friday, has significantly plunged below the oversold threshold set at 30, after moving from 87 at the end of February to 31 on Thursday. The extreme oversold condition of the RSI, the twelve-month low, and the intensity of the trades describe a reality — a marked unwinding phase, with no contrary signal identifiable at this stage. Moreover, the price is significantly below its 50-day moving average (€66.67) and its 200-day average (€65.43), confirming that the bearish pressure has been established over time.
Operational Developments at ARGAN
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On the operational front, ARGAN announced on March 11 the leasing of 32,000 sqm to JS Logistics at its Coudray-Montceaux site, bringing its occupancy rate to 100% of its portfolio. This fundamentally positive news did not stem the stock market correction that occurred during the same period. The upcoming financial calendar includes a general meeting on March 23, 2026, followed by the publication of the first quarter revenue on April 1. These events could provide new insights into the rental and financial trajectory of the real estate company. During this Friday's session, the CAC 40 fell by 0.07% and the SBF 120 by 0.09%, in a context of generally declining European markets. ARGAN, with a beta of -0.13, historically shows a low correlation with the leading indices, which puts the influence of the market environment into perspective in explaining the recent decline.
Sur la base des très bonnes réalisations du premier semestre, et tenant compte du calendrier des livraisons de 2026, ARGAN révise à la hausse l'objectif annuel
Risks mentioned
Marge sur revenus du résultat net récurrent a diminué à 71 %.
Opportunities identified
Accélération du développement avec des livraisons avancées pour 2026.
Outlook / guidance
Expected revenue: 221 millions d'euros
Management commentary: l'objectif annuel d'environ 6 € par action
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
