ARCBEST CORP (ARCB)       91.98  +0.68 (+0.74%)

91.98  +0.68 (+0.74%)

US03937C1053 - Common Stock - After market: 91 -0.98 (-1.07%)

Technical Rating

Taking everything into account, ARCB scores 8 out of 10 in our technical rating. Although ARCB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
ARCB is part of the Road & Rail industry. There are 47 other stocks in this industry. ARCB outperforms 82% of them.
In the last month ARCB has a been trading in the 76.82 - 93.22 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ARCB did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ARCB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 15.34% 33.79% 4.12% 42.65% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 95.89 64.9 - 125
ARCB Weekly chart
ARCB Daily chart

Support/Resistance Analysis


66.11

92.91
5 important support areas can be observed.
  • A support zone ranging from 78.69 to 79.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @76.85 from a trend line in the daily time frame.
  • Support @72.13 from a trend line in the weekly time frame.
  • A support zone ranging from 68.19 to 68.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @66.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 91.99 to 91.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

ARCB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 91.99. Right above this resistance zone may be a good entry point. 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.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
92.0084.757.25 (7.88%)12.69%
An entry @92.00. This is a Buy Stop order right above the resistance zone.An exit @84.75. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 7.25 points, which is 7.88%.For a 1.00% total portfolio risk, you can invest 12.69% of your capital in this trade.

  • 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 CORP91.98

NASDAQ:ARCB (8/16/2022, 7:16:51 PM)+0.68 (+0.74%)

After market: 91 -0.98 (-1.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Road & Rail
Performance
Today 0.74% 1 Week 7.03%
2 Weeks 6.92% 1 Month 15.34%
3 Month 33.79% 6 Month 4.12%
Volatility
ATR(14) 3.19 ATR(20)% 3.42%
ATR Inc -40% Range Today 1.53
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 95.89 Mansfield 0.86
10 Day High 93.22 10 Day Low 84.76
20 Day High 93.22 20 Day Low 76.82
52 Week High 125 52 Week Low 64.9
CS1 End 79.73 CR1 Start 91.99
Volume & EV
DER(3) 2.71% DER(5) 2.06%
Volume 193.30K Volume Incr 3.04%
Vol(5) 217.84K Vol(50) 235.80K

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