Arotech Corporation Forecast and Stock Analysis
Technical ARTX stock analysis for Friday June 14, 2019.
Arotech Corporation gained 0.47% in the last trading day ( Friday, 14th Jun 2019 ), rising from $2.14 to $2.15 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.90% from a day low at $2.11 to a day high of $2.15. The price has risen in 6 of the last 10 days and is up by 1.9% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1 804 more shares were traded than the day before. In total, 41 360 shares bought and sold for approximately $88 924.00.
- 30 day high of the ARTX stock price was $2.38 and low was $1.94.
- 90 day high was $3.14 and low was $1.90.
- 52 week high for the Arotech Corporation - $4.05 and low - $1.90.
Arotech Corporation 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 -33.39% during the next 3 months and, with 90% probability hold a price between $1.16 and $1.60 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday June 04, 2019, which indicates further gains until a new top pivot has been found. Arotech Corporation has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Arotech Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.38. On a fall, the stock will find some support from the short-term average at $2.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
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 $2.05.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.04 between high and low, or 1.90%. For the last week, the stock has had a daily average volatility of 3.27%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.27 %Average volatility
Very Low Low Medium High Very High
Arotech Corporation 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.
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|ARTX $2.15 ($0.01 0.47%)|
ARTX is up $0.01 today, but where's it headed in 2019?
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