ARCBEST CORP (ARCB) Stock Technical Analysis
NASDAQ:ARCB - Nasdaq - US03937C1053 - Common Stock - Currency: USD
Taking everything into account, ARCB scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ARCB was also a bad performer in the overall market in the last year.
ARCB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 83.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 78.53, a Stop Loss order could be placed below this zone.
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76.53
When analyzing the support we notice one important area.
- A support zone ranging from 77.30 to 78.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 83.03 to 83.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @84.42 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ARCB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARCB is up. |
| ChartMill Relative Strength | 24.42 | NEGATIVE | ARCB has a low relative strength, it was outperformed by 75.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARCB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARCB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARCB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.66 | NEUTRAL | The RSI value for ARCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests ARCB has a negative trend. |
| Stochastics (14,3) | 36.95 | NEUTRAL | The Stochastics value for ARCB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for ARCB suggests some volalility. |
| Average Directional Index/ADX (14) | 31.75 | POSITIVE | The high ADX value value for ARCB suggests a strong trend. |
78.54
-1.19 (-1.49%)