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AI Analysis of ARM
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Strong day for Arm Holdings plc stock price on Monday rising 6.79% to $93.11
(Updated on Apr 22, 2024)

Sell candidate since Mar 26, 2024 Loss -27.24% PDF

The Arm Holdings plc stock price gained 6.79% on the last trading day (Monday, 22nd Apr 2024), rising from $87.19 to $93.11. During the last trading day the stock fluctuated 5.90% from a day low at $89.06 to a day high of $94.32. The price has fallen in 8 of the last 10 days and is down by -27.96% for this period. Volume fell on the last day by -14 million shares and in total, 15 million shares were bought and sold for approximately $1.40 billion. 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 part of a very 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 $87.80 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 26.82% during the next 3 months and, with a 90% probability hold a price between $111.34 and $225.91 at the end of this 3-month period.

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ARM Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arm Holdings plc 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 $109.09 and $125.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -37.50%. 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).

Support, Risk & Stop-loss for Arm Holdings plc stock

On the downside, the stock finds support just below today's level from accumulated volume at $87.19 and $77.01. There is a 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, Arm Holdings plc finds support just below today's level at $87.19. If this is broken, then the next support from accumulated volume will be at $77.01 and $73.91.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.26 between high and low, or 5.90%. For the last week, the stock has had daily average volatility of 9.64%.

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

Trading Expectations (ARM) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Arm Holdings plc to open at $92.16, and during the day (based on 14 day Average True Range), to move between $84.93 and $101.29, which gives a possible trading interval of +/-$8.18 (+/-8.78%) up or down from last closing price. If Arm Holdings plc takes out the full calculated possible swing range there will be an estimated 17.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $87.19 (6.36%) than the resistance at $107.56 (15.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Arm Holdings plc stock A Buy?

The Arm Holdings plc stock holds several negative signals and despite the positive trend, we believe Arm Holdings plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.561 Sell Candidate Unchanged

Predicted Opening Price for Arm Holdings plc of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$92.16 ( 1.02%) $93.11

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

Trading levels for ARM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 97.42 4.63 %
R2 95.41 2.47 %
R1 94.17 1.14 %
Current price: 93.11
Support S1 90.15 -3.17 %
S2 88.91 -4.51 %
S3 86.91 -6.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 115.21 23.74 %
R2 113.89 22.32 %
R1 107.56 15.52 %
Current price 93.11
Support S1 87.19 -6.36%
S2 77.01 -17.29%
S3 73.91 -20.62%

FAQ

What is the symbol for Arm Holdings plc Stock and on which exchange is it traded?
The symbol for Arm Holdings plc is ARM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Arm Holdings plc Stock?
The Arm Holdings plc stock holds several negative signals and despite the positive trend, we believe Arm Holdings plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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

What's the current price of Arm Holdings plc Stock?
As of the end of day on the Apr 22, 2024, the price of an Arm Holdings plc (ARM) share was $93.11.

What is the 52-week high and low for Arm Holdings plc Stock?
The 52-week high for Arm Holdings plc Stock is $164.00 and the 52-week low is $46.50.

What is the market capitalization of Arm Holdings plc Stock?
As of the Apr 22, 2024, the market capitalization of Arm Holdings plc is 89.638B.

When is the next earnings date for Arm Holdings plc?
The upcoming earnings date for Arm Holdings plc is May 08, 2024.
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