ARCW Forecast and Technical Stock Analysis
Sell candidate since 2019-08-19
No changes to the price of ARC Group Worldwide in the last trading day ( Monday, 19th Aug 2019 ). During the day the stock fluctuated 17.65% from a day low at $0.17 to a day high of $0.20. The price has fallen in 6 of the last 10 days , but is still up by 8.57% over the past 2 weeks.
Quick summary:
- 30 day high of the ARCW stock price was $0.27 and low was $0.14.
- 90 day high was $0.70 and low was $0.14.
- 52 week high for ARC Group Worldwide - $2.15 and low - $0.14.
Trend
ARC Group Worldwide 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 -65.11% during the next 3 months and, with 90% probability hold a price between $0.01 and $0.08 at the end of this period.
Signals
Some negative signals were issued as well, and these may have some influence on the near short-term development. ARC Group Worldwide holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.25. On a fall, the stock will find some support from the short-term average at $0.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 48 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
On the downside, the stock finds support just below today's level from accumulated volume at $0.18 and $0.17.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ARC Group Worldwide finds support just below today's level at $0.18. If this is broken, then the next support from accumulated volume will be at $0.17 and $0.16.
Risk
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.03 between high and low, or 17.65%. For the last week the stock has had a daily average volatility of 21.52%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
21.52 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
ARC Group Worldwide holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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!
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