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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ARMK
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Aramark stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on May 07, 2024)

Sell candidate since May 07, 2024 PDF

The Aramark stock price fell by -2.75% on the last day (Tuesday, 7th May 2024) from $31.62 to $30.75. During the last trading day the stock fluctuated 7.02% from a day low at $29.82 to a day high of $31.91. The price has fallen in 6 of the last 10 days and is down by -4.21% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately $185.30 million.

The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $31.40. A reaction back to this level may hold a second chance to get out before further falls.

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ARMK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aramark stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $31.33 and $31.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -5.53%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should fall by -0.210% to $30.69 within 29 trading days since signal was issued (Wednesday, May 08, 2024).

Support, Risk & Stop-loss for Aramark stock

Aramark finds support from accumulated volume at $30.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.09 between high and low, or 7.02%. For the last week the stock has had daily average volatility of 3.49%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARMK) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Aramark to open at $30.83, and during the day (based on 14 day Average True Range), to move between $29.98 and $31.52, which gives a possible trading interval of +/-$0.768 (+/-2.50%) up or down from last closing price. If Aramark takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.83 (0.26%) than the support at $30.51 (0.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Aramark stock A Buy?

The Aramark stock holds several negative signals and despite the positive trend, we believe Aramark will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.598 Sell Candidate Downgraded

Predicted Opening Price for Aramark of Wednesday, May 8, 2024

Fair opening price May 8, 2024 Current price
$30.83 ( 0.245%) $30.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ARMK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 32.92 7.06 %
R2 32.12 4.45 %
R1 31.63 2.85 %
Current price: 30.75
Support S1 30.03 -2.36 %
S2 29.53 -3.96 %
S3 28.73 -6.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 32.52 5.76 %
R2 31.62 2.83 %
R1 30.83 0.260 %
Current price 30.75
Support S1 30.51 -0.780%
S2 30.33 -1.37%
S3 29.41 -4.36%

ARMK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 29, 2024 May 10, 2024 May 28, 2024 $0.0950 0.309%
2 Feb 13, 2024 Feb 13, 2024 Feb 28, 2024 $0.0950 0.310%
3 Nov 27, 2023 Nov 27, 2023 Dec 08, 2023 $0.0950 0.350%
4 Oct 02, 2023 Oct 02, 2023 Oct 02, 2023 $9.65 38.57%
5 Aug 02, 2023 Aug 15, 2023 Aug 29, 2023 $0.110 0.405%

FAQ

What is the symbol for Aramark Stock and on which exchange is it traded?
The symbol for Aramark is ARMK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Aramark Stock?
The Aramark stock holds several negative signals and despite the positive trend, we believe Aramark will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Aramark Stock?
Aramark Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Aramark Stock.

What's the current price of Aramark Stock?
As of the end of day on the May 07, 2024, the price of an Aramark (ARMK) share was $30.75.

What is the 52-week high and low for Aramark Stock?
The 52-week high for Aramark Stock is $21.45 and the 52-week low is $1.20.

What is the market capitalization of Aramark Stock?
As of the May 07, 2024, the market capitalization of Aramark is 8.299B.

When is the next earnings date for Aramark?
The upcoming earnings date for Aramark is May 07, 2024.
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About Aramark

Aramark Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. The company offers food-related managed services, including dining, catering, food service management, and conve... ARMK Profile

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