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ArcBest Corporation Stock Forecast NASDAQ:ARCB

$105.69 (-3.79%)

Volume: 278k

Closed: Nov 26, 2021

Hollow Logo Score: 2.503

ArcBest Corporation Stock Forecast

$105.69 (-3.79%)

Volume: 278k

Closed: Nov 26, 2021

Score Hollow Logo 2.503
Which way will ARCB go? Request
Stop-loss: $100.36 (-5.04%)
Key Stats
P/E Ratio 15.72
Beta 1.52
Trailing Dividend Rate 0.3% ($0.32)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 42 and the stock is currently not being overbought or oversold

ArcBest Corporation stock price down 3.79% on Friday
(Updated on Nov 26, 2021)

Buy or Hold candidate since 2021-09-01 Gain 53.37%

The ArcBest Corporation stock price fell by -3.79% on the last day (Friday, 26th Nov 2021) from $109.85 to $105.69. and has now fallen 3 days in a row. During the day the stock fluctuated 4.93% from a day low at $102.21 to a day high of $107.25. The price has fallen in 6 of the last 10 days and is down by -4.34% for this period. Volume has increased on the last day by 94 thousand 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, 278 thousand shares were bought and sold for approximately $29.35 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $103.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 74.1% during the next 3 months and, with a 90% probability hold a price between $180.96 and $208.23 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -7.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The ArcBest Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $109.64. On a fall, the stock will find some support from the long-term average at approximately $99.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $92.68 and $84.94. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ArcBest Corporation finds support just below today's level at $92.68. If this is broken, then the next support from accumulated volume will be at $84.94 and $81.77.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.04 between high and low, or 4.93%. For the last week, the stock has had a daily average volatility of 4.25%.

Our recommended stop-loss: $100.36 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Is ArcBest Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.503

Predicted Opening Price for ArcBest Corporation of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$105.05 $105.69 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 09, 2021 "Morgan Stanley" gave "$100.00 - $140.00" rating for ARCB. The price target was set to $113.04+0.9%.

Volatility and Risk
Daily Average Volatility: 4.25 %
Overall Risk: Very High High Medium Low Very Low
4.25 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $105.74
Price: $105.69
Support: $92.68

ARCB Insider Trading Show all Trades



Last 100 transactions
Buy: 312 151 | Sell: 277 161 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 1 000 Cobb David R Common Stock, par value $0.01 per share
Nov 23, 2021 Sell 3 508 Cobb David R Common Stock, par value $0.01 per share
Nov 15, 2021 Sell 3 002 Anderson Dennis L Ii Common Stock, par value $0.01 per share
Nov 11, 2021 Sell 2 765 Gattis Erin K Common Stock, par value $0.01 per share
Nov 11, 2021 Sell 2 500 Gattis Erin K Common Stock, par value $0.01 per share
Show all Insider Trades


Last 100 transactions
Buy: 312 151 | Sell: 277 161 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 110.09 4.16 %
108.16 2.34 %
106.98 1.22 %
Current price: 105.69
Support 103.12 -2.43 %
101.94 -3.55 %
100.01 -5.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 110.46 4.51 %
110.01 4.09 %
105.74 0.0473 %
Current price 105.69
Support 92.68 -12.31%
84.94 -19.63%
81.77 -22.63%

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About ArcBest Corporation

ArcBest ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. The company’s Freight Transportation segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less than container load services. This segm... Read more

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