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Stronger Sell Today ARKR ranks #3482 as SELL CANDIDATE #3482 Weaker Sell

ARKR stock forecast Ark Restaurants Corp.

ARKR stock forecast

Wednesday June 26, 2019 Change -1.02% Price $20.11
Chart period: 2019-03-27 - 2019-06-26
VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will ARKR stock price go up or down on Thu, 27 Jun 2019?

Predict

Ark Restaurants Corp. Forecast and Stock Analysis

Technical ARKR stock analysis for Wednesday June 26, 2019.

Sell candidate since 2019-06-26


Ark Restaurants Corp. fell by -1.02% in the last day ( Wednesday, 26th Jun 2019 ) from $20.31 to $20.11 and has now fallen 3 days in a row. During day the stock fluctuated 3.37% from a day low at $19.65 to a day high of $20.31. The price has fallen in 5 of the last 10 days and is down by -0.46% for this period. Volume has increased in the last day by 11 537 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, 16 108 shares bought and sold for approximately $323 877.00.

Quick summary:

  • 30 day high of the ARKR stock price was $20.67 and low was $19.60.
  • 90 day high was $20.67 and low was $19.28.
  • 52 week high for the Ark Restaurants Corp. - $26.59 and low - $17.75.

Trend

Given the current horizontal trend you can expect Ark Restaurants Corp. with 90% probability to be traded between $20.15 and $21.06 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Ark Restaurants Corp. holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $20.16 and $20.12. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday June 24, 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 stock had a Golden Star Signal* on Wednesday April 24, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

A buy signal from a double bottom formation was found on Thursday June 20, 2019 and based on theory for this formation the price should go up by 0.35% to $20.17 within 2 trading days since signal was issued (Monday June 24, 2019).

Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ark Restaurants Corp. finds support from accumulated volume at $20.07.

Support: $20.07 Price: $20.11 Resistance: $20.11

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 $0.66 (3.37%) between high and low. For the last week, the stock has had a daily average volatility of 1.26%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

1.26 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Ark Restaurants Corp. holds several negative signals and is within a narrow and falling trend, so we believe 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.

Sell Candidate Downgraded
Stronger Sell Today ARKR ranks #3482 as SELL CANDIDATE #3482 Weaker Sell

Will ARKR stock price go up or down on Thu, 27 Jun 2019?

Predict

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