Arotech Corporation Forecast and Stock Analysis
Technical ARTX stock analysis for February 15, 2019.
Arotech Corporation gained 0.29% in the last trading day, rising from $3.39 to $3.40 The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume fell in the last day by -64 294 shares, and in total, 76 794 shares bought and sold for approximately $261 100.00. 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 ARTX stock was $3.40. This is 0.29% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.07% from a day low at $3.38 to a day high of $3.45.
30 day high of the ARTX stock price was $3.66 and low was $3.05.
90 day high was $3.66 and low was $2.37.
52 week high for the Arotech Corporation - $4.15 and low - $2.37.
Arotech Corporation lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.16% during the next 3 months and, with 90% probability hold a price between $4.00 and $5.07 at the end of this period.
Arotech Corporation 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 $3.31 and $3.17. 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 also not.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Arotech Corporation finds support from accumulated volume at $3.25.
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 2.07%. For the last week the stock has had a daily average volatility of 3.66%.
Our recommended stoploss: $3.20 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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.