ARC Document Solutions Inc Stock Forecast
ARC Document Solutions Inc stock downgraded to Sell Candidate
(Updated on Apr 30, 2024)
The ARC Document Solutions Inc stock price fell by -1.12% on the last day (Tuesday, 30th Apr 2024) from $2.67 to $2.64. During the last trading day the stock fluctuated 1.91% from a day low at $2.62 to a day high of $2.67. The price has fallen in 5 of the last 10 days and is down by -0.38% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -33 thousand shares and in total, 60 thousand shares were bought and sold for approximately $158.04 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.00% during the next 3 months and, with a 90% probability hold a price between $2.32 and $2.64 at the end of this 3-month period.
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ARC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.13%. Further rise is indicated until a new top pivot has been found. 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 ARC Document Solutions Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.70 and $2.66. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ARC Document Solutions Inc stock
ARC Document Solutions Inc finds support from accumulated volume at $2.63 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0500 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 2.36%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARC) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect ARC Document Solutions Inc to open at $2.64, and during the day (based on 14 day Average True Range), to move between $2.57 and $2.71, which gives a possible trading interval of +/-$0.0660 (+/-2.50%) up or down from last closing price. If ARC Document Solutions Inc 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 $2.65 (0.38%) than the support at $2.63 (0.38%), 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.
Earnings coming up
ARC Document Solutions Inc will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0500. We will update the financials statements for ARC Document Solutions Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.09% in the first trading day after earnings release.
Is ARC Document Solutions Inc stock A Buy?
ARC Document Solutions Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -3.661 Sell Candidate Downgraded
Predicted Opening Price for ARC Document Solutions Inc of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$2.64 ( 0.126%) | $2.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.69 | 2.02 % | |
R2 | 2.67 | 1.30 % | ||
R1 | 2.66 | 0.85 % | ||
Current price: | 2.64 | |||
Support | S1 | 2.62 | -0.597 % | |
S2 | 2.61 | -1.04 % | ||
S3 | 2.59 | -1.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.68 | 1.52 % | |
R2 | 2.67 | 1.14 % | ||
R1 | 2.65 | 0.379 % | ||
Current price | 2.64 | |||
Support | S1 | 2.63 | -0.379% | |
S2 | 2.62 | -0.758% | ||
S3 | 2.61 | -1.14% |
ARC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 26, 2024 | Apr 29, 2024 | May 31, 2024 | $0.0500 | 1.88% |
2 | Dec 06, 2023 | Jan 30, 2024 | Feb 29, 2024 | $0.0500 | 1.85% |
3 | Jul 28, 2023 | Oct 30, 2023 | Nov 30, 2023 | $0.0500 | 1.77% |
4 | Apr 27, 2023 | Jul 28, 2023 | Aug 31, 2023 | $0.0500 | 1.48% |
5 | Feb 09, 2023 | Apr 27, 2023 | May 31, 2023 | $0.0500 | 1.75% |
FAQ
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