ARC Group Worldwide Forecast and Stock Analysis
Technical ARCW stock analysis for February 15, 2019.
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.71 |
| ROA | -12.21 |
ARC Group Worldwide gained 3.09% in the last trading day, rising from $0.97 to $1.00 The price has fallen in 6 of the last 10 days and is down by -1.96% for this period. Volume fell in the last day by -51 623 shares, and in total, 11 249 shares bought and sold for approximately $11 249.00. 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ARCW stock was $1.00. This is 3.09% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 6.92% from a day low at $0.98 to a day high of $1.05.
30 day high of the ARCW stock price was $1.49 and low was $0.85.
90 day high was $1.55 and low was $0.80.
52 week high for the ARC Group Worldwide - $2.60 and low - $0.80.
Trend
ARC Group Worldwide lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -32.78% during the next 3 months and, with 90% probability hold a price between $0.38 and $0.74 at the end of this period.
Signals
ARC Group Worldwide 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 $0.98 and $0.96. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
ARC Group Worldwide finds support from accumulated volume at $0.97.
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 $0.07 between high and low, or 6.92%. For the last week the stock has had a daily average volatility of 6.52%.
Our recommended stoploss: $0.95 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
