Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Stronger Sell Today ARCB ranks #4177 as SELL CANDIDATE #4177 Weaker Sell

ARCB stock forecast ArcBest Corporation

ARCB stock forecast

Wednesday June 26, 2019 Change 3.51% Price $26.23
Chart period: 2019-03-27 - 2019-06-26
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will ARCB stock price go up or down on Thu, 27 Jun 2019?

Predict

ArcBest Corporation Forecast and Stock Analysis

Technical ARCB stock analysis for Wednesday June 26, 2019.

Sell candidate since 2019-06-24 Loss -0.30%


ArcBest Corporation gained 3.51% in the last trading day ( Wednesday, 26th Jun 2019 ), rising from $25.34 to $26.23 During day the stock fluctuated 3.62% from a day low at $25.46 to a day high of $26.38. The price has been going up and down for this period, and there has been a -1.8% loss for the last 2 weeks. Volume fell in the last day by -239 393 shares, and in total, 139 387 shares bought and sold for approximately $3.66 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ARCB stock price was $27.79 and low was $24.69.
  • 90 day high was $34.45 and low was $24.69.
  • 52 week high for the ArcBest Corporation - $51.45 and low - $24.69.

Trend

ArcBest Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.43% during the next 3 months and, with 90% probability hold a price between $16.80 and $20.65 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Tuesday June 25, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. ArcBest Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $26.37 and $26.87. A break-up above any of these levels will issue buy signals.

Access today's Top 5 Golden Star Companies

A sell signal from a double bottom formation was found on Friday June 21, 2019 with a target of $26.35. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ArcBest Corporation finds support from accumulated volume at $25.40.

Support: $25.40 Price: $26.23 Resistance: $27.82

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.92 (3.62%) between high and low. For the last week, the stock has had a daily average volatility of 3.13%.

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

3.13 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

ArcBest Corporation holds several negative signals and is within a 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.

Sell Candidate Upgraded
Stronger Sell Today ARCB ranks #4177 as SELL CANDIDATE #4177 Weaker Sell

Will ARCB stock price go up or down on Thu, 27 Jun 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank