ARCBEST CORP (ARCB)

US03937C1053 - Common Stock

142.15  -0.71 (-0.5%)

After market: 142.15 0 (0%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to ARCB. Both in the recent history as in the last year, ARCB has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ARCB did better than 85% of all other stocks.
ARCB is one of the better performing stocks in the Ground Transportation industry, it outperforms 77% of 36 stocks in the same industry.
ARCB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ARCB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Weekly and Daily overview Charts
ARCB Weekly chart
ARCB Daily chart
Setup Rating and Analysis

8

ARCB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 143.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 140.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

104.53

145.88

4 important support areas can be observed.

  • A support zone ranging from 138.79 to 140.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 127.39 to 130.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @124.56 from a trend line in the daily time frame.
  • Support @105.59 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 143.82 to 144.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.72
Mansfield1.62
10 Day High144.84
10 Day Low136.18
20 Day High146.24
20 Day Low117.42
52 Week High146.24
52 Week Low82.18
Performance
1 Week1.23%
2 Weeks-0.98%
1 Month17.5%
3 Month13.98%
6 Month28.77%
12 Month36.79%
2 Year76.58%
3 Year102%
5 Year361.68%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.55
RSI(14)61.85
LBB137.53
UBB144.69
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
144.45138.785.67 (3.93%)25.00%
An entry @144.45. This is a Buy Stop order right above the resistance zone.An exit @138.78. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 5.67 points, which is 3.93%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ARCB Daily chart

ARCBEST CORP

NASDAQ:ARCB (3/1/2024, 7:02:04 PM)

After market: 142.15 0 (0%)

142.15

-0.71 (-0.5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-0.5%
1 Week1.23%
2 Weeks-0.98%
1 Month17.5%
3 Month13.98%
6 Month28.77%
12 Month36.79%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.73
ATR(20)%3.64%
ATR Inc
Range Today2.76
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High144.84
10 Day Low136.18
20 Day High146.24
20 Day Low117.42
52 Week High146.24
52 Week Low82.18
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume243.00K
Volume Incr-13.46%
Vol(5)275.42K
Vol(50)257.42K