ARCB Forecast and Technical Stock Analysis
Buy candidate since 2019-08-16 Gain 4.02%
ArcBest Corporation gained 4.02% in the last trading day ( Monday, 19th Aug 2019 ), rising from $28.38 to $29.52 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.53% from a day low at $28.85 to a day high of $29.58. The price has been going up and down for this period, and there has been a 6.46% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 138 666 more shares were traded than the day before. In total, 254 086 shares bought and sold for approximately $7.50 million.
- 30 day high of the ARCB stock price was $31.71 and low was $26.36.
- 90 day high was $31.71 and low was $24.69.
- 52 week high for ArcBest Corporation - $51.45 and low - $24.69.
ArcBest Corporation lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.15% during the next 3 months and, with 90% probability hold a price between $28.89 and $33.24 at the end of this period.
Only positive signals in the chart today. ArcBest Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $28.41 and $27.64. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
ArcBest Corporation finds support from accumulated volume at $28.11.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.73 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: $28.26 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
3.91 %Average volatility
Very Low Low Medium High Very High
|ARCB $29.52 ($1.14 4.02%)|
ARCB is up $1.14 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!