ARC Document Solutions Inc Stock Forecast

Weaker technical forecast for ARC Document Solutions Inc as stock downgraded to Sell Candidate.
(Updated on Apr 16, 2024)

ARC Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.52%. 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 ARC Document Solutions Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.65. On a fall, the stock will find some support from the short-term average at $2.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for ARC Document Solutions Inc stock

ARC Document Solutions Inc finds support from accumulated volume at $2.64 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 controlled movements and therefore the general risk is considered 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 $0.0600 between high and low, or 2.29%. For the last week the stock has had daily average volatility of 2.52%.

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 17th

For the upcoming trading day on Wednesday, 17th we expect ARC Document Solutions Inc to open at $2.65, and during the day (based on 14 day Average True Range), to move between $2.58 and $2.72, which gives a possible trading interval of +/-$0.0678 (+/-2.56%) 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 5.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.64 (0.38%) than the resistance at $2.67 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -2.438 Sell Candidate Downgraded

Predicted Opening Price for ARC Document Solutions Inc of Wednesday, April 17, 2024

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