Previous Hold Today ARCI ranks #2431 as HOLD CANDIDATE. Next Hold
Today ARCI ranks #2431 as HOLD CANDIDATE.

ARCI stock Appliance Recycling Centers of America

ARCI stock
Appliance Recycling Centers of America

April 24, 2019
Change 16.05%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ARCI stock price go up or down on Thu, 25 Apr 2019?

Appliance Recycling Centers of America Forecast and Stock Analysis

Technical ARCI stock analysis for April 24, 2019.

Hold candidate since 2019-04-22 Gain 10.59%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.45
ROA n/a

Appliance Recycling Centers of America gained 16.05% in the last trading day, rising from $4.05 to $4.70 The price has been going up and down for this period, and there has been a 743.81% 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, 574 828 more shares were traded than the day before. In total, 795 128 shares bought and sold for approximately $3.74 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ARCI stock was $4.70. This is 16.05% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 32.82% from a day low at $3.90 to a day high of $5.18.

30 day high of the ARCI stock price was $5.18 and low was $0.41.
90 day high was $5.18 and low was $0.40.
52 week high for the Appliance Recycling Centers of America - $5.18 and low - $0.36.

Trend

Appliance Recycling Centers of America has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.65, a level that may pose a second chance to hit a runner. According to fan-theory $2.55 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Appliance Recycling Centers of America 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 $2.20 and $0.85. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 02, 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.

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Relative Strength Index (RSI)

RSI14 is 95 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $4.25 and $4.05.

With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00 may give a huge drop in the stock price.

Support: $4.25 Price: $4.70

Risk

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 $1.28 between high and low, or 32.82%. For the last week, the stock has had a daily average volatility of 24.18%.

The stock is extremely overbought on RSI14 (95). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $4.55 (-3.10%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from pivot bottom found 15 days ago.)

Overall risk:

Very Low Low Medium High Very High

Previous Hold Today ARCI ranks #2431 as HOLD CANDIDATE. Next Hold
Today ARCI ranks #2431 as HOLD CANDIDATE.