Ark Restaurants Corp. Forecast and Stock Analysis
Technical ARKR stock analysis for February 15, 2019.
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 0.49 |
| ROA | 5.68 |
Ark Restaurants Corp. fell by -1.27% in the last day from $19.75 to $19.50 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 5.41% gain for the last 2 weeks. Volume has increased in the last day by 3 979 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, 4 508 shares bought and sold for approximately $87 906.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ARKR stock was $19.50. This is 1.27% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 5.28% from a day low at $19.36 to a day high of $20.38.
30 day high of the ARKR stock price was $20.39 and low was $18.35.
90 day high was $23.80 and low was $17.75.
52 week high for the Ark Restaurants Corp. - $27.15 and low - $17.75.
Trend
Ark Restaurants Corp. 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 $20.12 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 -19.81% during the next 3 months and, with 90% probability hold a price between $12.19 and $16.14 at the end of this period.
Signals
Ark Restaurants Corp. 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 $19.09 and $18.67. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. Ark Restaurants Corp. 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 63 and the stock is currently not being overbought or oversold
Support & Resistance
Ark Restaurants Corp. finds support from accumulated volume at $18.84.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.02 (5.28%) between high and low. For the last week, the stock has had a daily average volatility of 3.39%.
Our recommended stoploss: $18.63 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Hold/Accumulate
Ark Restaurants Corp. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
