Ark Restaurants Corp. Stock Forecast
Weaker technical forecast for Ark Restaurants Corp. as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)
The Ark Restaurants Corp. stock price fell by -0.145% on the last day (Wednesday, 27th Mar 2024) from $13.75 to $13.73. During the last trading day the stock fluctuated 0% from a day low at $13.73 to a day high of $13.73. The price has fallen in 5 of the last 10 days and is down by -2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 shares and in total, 563 shares were bought and sold for approximately $7.73 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.65 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.27% during the next 3 months and, with a 90% probability hold a price between $13.21 and $14.29 at the end of this 3-month period.
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ARKR Signals & Forecast
There are mixed signals in the stock today. The Ark Restaurants Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.01 and $14.12. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 0.0729%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ark Restaurants Corp. stock
Ark Restaurants Corp. finds support from accumulated volume at $13.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.572%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARKR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Ark Restaurants Corp. to open at $13.73, and during the day (based on 14 day Average True Range), to move between $13.41 and $14.05, which gives a possible trading interval of +/-$0.320 (+/-2.33%) up or down from last closing price. If Ark Restaurants Corp. takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.72 (0.07%) than the resistance at $13.88 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ark Restaurants Corp. stock A Buy?
Ark Restaurants Corp. 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.171 Sell Candidate Downgraded
Predicted Opening Price for Ark Restaurants Corp. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$13.73 ( 0.00000000%) | $13.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.73 | 0.00000000 % | |
R2 | 13.73 | 0.00000000 % | ||
R1 | 13.73 | 0.00000000 % | ||
Current price: | 13.73 | |||
Support | S1 | 13.73 | 0.00000000 % | |
S2 | 13.73 | 0.00000000 % | ||
S3 | 13.73 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.01 | 2.04 % | |
R2 | 13.89 | 1.17 % | ||
R1 | 13.88 | 1.09 % | ||
Current price | 13.73 | |||
Support | S1 | 13.72 | -0.0728% | |
S2 | 0 | . | ||
S3 | 0 | . |
ARKR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Feb 28, 2024 | Mar 13, 2024 | $0.188 | 1.34% |
2 | Nov 08, 2023 | Nov 29, 2023 | Dec 13, 2023 | $0.188 | 1.22% |
3 | Aug 08, 2023 | Aug 30, 2023 | Sep 12, 2023 | $0.188 | 1.19% |
4 | May 09, 2023 | May 30, 2023 | Jun 13, 2023 | $0.188 | 1.01% |
5 | Feb 08, 2023 | Feb 27, 2023 | Mar 14, 2023 | $0.125 | 0.654% |
FAQ
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