ARCW Forecast and Technical Stock Analysis
Buy candidate since 2019-10-14 PDF
ARC Group Worldwide gained 15.86% in the last trading day ( Monday, 14th Oct 2019 ), rising from $0.20 to $0.23 During the day the stock fluctuated 16.00% from a day low at $0.20 to a day high of $0.23. The price has risen in 6 of the last 10 days and is up by 28.89% over the past 2 weeks. Volume fell in the last day by -1 235 shares and in total, 2 090 shares bought and sold for approximately $484.88. 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.
- 30 day high of the ARCW stock price was $0.25 and low was $0.16.
- 90 day high was $0.43 and low was $0.14.
- 52 week high for ARC Group Worldwide - $1.83 and low - $0.14.
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 -16.99% during the next 3 months and, with 90% probability hold a price between $0.04 and $0.26 at the end of this period.
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 $0.20 and $0.18. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday October 11, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 56 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 $0.22 and $0.20.
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 $0.22. If this is broken, then the next support from accumulated volume will be at $0.20 and $0.18.
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 16.00%. For the last week the stock has had a daily average volatility of 12.84%.
Our recommended stop-loss: $0.22 (-4.55%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
12.84 %Average volatility
Very Low Low Medium High Very High
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 Hold/Accumulate to a Buy Candidate.
|ARCW $0.23 ($0.03 15.86%)|
ARCW is up $0.03 today, but where's it headed in 2019?
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