RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ARCB
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ArcBest Corporation stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The ArcBest Corporation stock price gained 0.720% on the last trading day (Wednesday, 27th Mar 2024), rising from $136.19 to $137.17. During the last trading day the stock fluctuated 1.93% from a day low at $135.16 to a day high of $137.77. The price has been going up and down for this period, and there has been a 2.34% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 104 thousand more shares were traded than the day before. In total, 262 thousand shares were bought and sold for approximately $35.89 million.

The stock lies in the middle of a wide and strong 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 18.83% during the next 3 months and, with a 90% probability hold a price between $152.09 and $180.33 at the end of this 3-month period.

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ARCB Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 9.53%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ArcBest Corporation 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 $138.13. On a fall, the stock will find some support from the short-term average at $134.69. 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).

Support, Risk & Stop-loss for ArcBest Corporation stock

ArcBest Corporation finds support from accumulated volume at $131.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.60 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 3.25%.

Our recommended stop-loss: $131.35 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (ARCB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ArcBest Corporation to open at $136.70, and during the day (based on 14 day Average True Range), to move between $132.27 and $142.07, which gives a possible trading interval of +/-$4.90 (+/-3.57%) up or down from last closing price. If ArcBest Corporation takes out the full calculated possible swing range there will be an estimated 7.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $138.58 (1.03%) than the support at $131.82 (3.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ArcBest Corporation stock A Buy?

ArcBest Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.387 Hold/Accumulate Upgraded

Predicted Opening Price for ArcBest Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$136.70 ( 0.344%) $137.17

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

Trading levels for ARCB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 139.30 1.56 %
R2 138.31 0.83 %
R1 137.69 0.382 %
Current price: 137.17
Support S1 135.70 -1.07 %
S2 135.09 -1.52 %
S3 134.09 -2.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 146.23 6.60 %
R2 143.81 4.84 %
R1 138.58 1.03 %
Current price 137.17
Support S1 131.82 -3.90%
S2 128.55 -6.28%
S3 128.07 -6.63%

ARCB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Feb 15, 2024 Mar 01, 2024 $0.120 0.0844%
2 Oct 25, 2023 Nov 07, 2023 Nov 22, 2023 $0.120 0.0982%
3 Jul 26, 2023 Aug 08, 2023 Aug 23, 2023 $0.120 0.114%
4 Apr 26, 2023 May 09, 2023 May 24, 2023 $0.120 0.142%
5 Jan 31, 2023 Feb 13, 2023 Feb 28, 2023 $0.120 0.125%

FAQ

What is the symbol for ArcBest Corporation Stock and on which exchange is it traded?
The symbol for ArcBest Corporation is ARCB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ArcBest Corporation Stock?
ArcBest Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of ArcBest Corporation Stock?
As of the end of day on the 2024-03-27, the price of an ArcBest Corporation (ARCB) share was $137.17.

What is the 52-week high and low for ArcBest Corporation Stock?
The 52-week high for ArcBest Corporation Stock is $149.89 and the 52-week low is $82.18.

What is the market capitalization of ArcBest Corporation Stock?
As of the 2024-03-27, the market capitalization of ArcBest Corporation is 3.224B.

When is the next earnings date for ArcBest Corporation?
The upcoming earnings date for ArcBest Corporation is Apr 26, 2024.
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About ArcBest Corporation

ArcBest ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-t... ARCB Profile

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