ARCB Technical Analysis - ARCBEST CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ARCB. ARCB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

87% of all other stocks performed better in the past year than ARCB.

ARCB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ARCB has a been trading in the 69.22 - 78.26 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

ARCB is part of the Ground Transportation industry. There are 42 other stocks in this industry, ARCB did better than 46% of them.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ARCB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 70.32, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

67.24

80.87

2 important support areas can be observed.

A support zone ranging from 70.12 to 70.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 67.92 to 68.73. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 4 important areas.

Resistance @70.41 from a horizontal line in the daily time frame.
A resistance zone ranging from 73.05 to 73.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 76.13 to 77.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 79.66 to 80.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for ARCB is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ARCB is down.
ChartMill Relative Strength	13.15	NEGATIVE	ARCB has a low relative strength, it was outperformed by 86.85% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ARCB is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ARCB is below a declining 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)	43.11	NEUTRAL	The RSI value for ARCB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests ARCB has a negative trend.
Stochastics (14,3)	20.63	NEUTRAL	The Stochastics value for ARCB is a neutral value.
Average True Range in percent/ATR (20)	4.04	MEDIUM VOLATILITY	The ATR as a percentage value for ARCB suggests some volalility.
Average Directional Index/ADX (14)	11.29	NEGATIVE	The low ADX value for ARCB suggests a weak or negative trend.