Appliance Recycling Centers of America Forecast and Stock Analysis
Technical ARCI stock analysis for February 15, 2019.
Appliance Recycling Centers of America fell by -0.21% in the last day from $0.43 to $0.43 and has now fallen 5 days in a row. The price has fallen in 7 of the last 10 days and is down by -2.66% for this period. Volume has increased in the last day by 18 800 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 39 928 shares bought and sold for approximately $17 213.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ARCI stock was $0.43. This is 0.21% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 9.52% from a day low at $0.42 to a day high of $0.46.
30 day high of the ARCI stock price was $0.58 and low was $0.40.
90 day high was $1.07 and low was $0.36.
52 week high for the Appliance Recycling Centers of America - $1.68 and low - $0.36.
Appliance Recycling Centers of America lies in the middle of a very 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 -20.77% during the next 3 months and, with 90% probability hold a price between $0.21 and $0.48 at the end of this period.
There are few to none technical positive signals at the moment. Appliance Recycling Centers of America 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 $0.44 and $0.47. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 06, 2019, which indicates further falls until a new bottom pivot has been found. Appliance Recycling Centers of America gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
Appliance Recycling Centers of America finds support from accumulated volume at $0.43.
This stock may move much during a 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 $0.04 between high and low, or 9.52%. For the last week, the stock has had a daily average volatility of 7.27%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Appliance Recycling Centers of America holds several negative signals and is within a very 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.