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Appliance Recycling Centers of America Stock Forecast NASDAQ:ARCI

$5.18 (2.17%)

Volume: 26k

Closed: Nov 26, 2021

Hollow Logo Score: -3.143

Appliance Recycling Centers of America Stock Forecast

$5.18 (2.17%)

Volume: 26k

Closed: Nov 26, 2021

Score Hollow Logo -3.143
Which way will ARCI go? Request

ARCI Stock Risk

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.17 between high and low, or 3.39%. For the last week the stock has had a daily average volatility of 5.21%.

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

Overall risk:

Very Low Low Medium High Very High

* 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 13 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Green day on Friday for Appliance Recycling Centers of America stock after gaining 2.17%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Appliance Recycling Centers of America stock price gained 2.17% on the last trading day (Friday, 26th Nov 2021), rising from $5.07 to $5.18. During the day the stock fluctuated 3.39% from a day low at $5.03 to a day high of $5.20. The price has fallen in 6 of the last 10 days and is down by -11.9% for this period. Volume fell on the last day by -2 thousand shares and in total, 26 thousand shares were bought and sold for approximately $137.09 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.05 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.52% during the next 3 months and, with a 90% probability hold a price between $4.16 and $5.36 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, November 24, 2021, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Appliance Recycling Centers of America 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 $5.19 and $5.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss

Appliance Recycling Centers of America finds support from accumulated volume at $5.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.17 between high and low, or 3.39%. For the last week the stock has had a daily average volatility of 5.21%.

Appliance Recycling Centers of America is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Appliance Recycling Centers of America stock A Buy?

Appliance Recycling Centers of America holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.143

Predicted Opening Price for Appliance Recycling Centers of America 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
$5.14 $5.18 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 5.21 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.21 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.23
Price: $5.18
Support: $5.08

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.31 2.46 %
5.24 1.20 %
5.20 0.42 %
Current price: 5.18
Support 5.07 -2.09 %
5.03 -2.87 %
4.97 -4.12 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 6.42 23.94 %
6.27 21.04 %
6.23 20.17 %
Current price 5.18
Support 5.08 -1.93%
5.07 -2.12%
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About Appliance Recycling Centers of America

Appliance Recycling Centers of America Appliance Recycling Centers of America, Inc., together with its subsidiaries, sells and recycles household appliances through a chain of company-owned retail stores under the ApplianceSmart name. The company operates in two segments, Recycling and Retail. Its stores offer new appliances; affordable value-priced, niche offerings, such as close-outs, factory overruns, and discontinued models, as well as special-buy appliances, including out-of-cart... Read more

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