ARCOS DORADOS HOLDINGS INC-A (ARCO) Stock Technical Analysis
NYSE:ARCO • VGG0457F1071
Overall ARCO gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ARCO is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- ARCO is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 74% of 126 stocks in the same industry.
- ARCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARCO is lagging the market slightly.
- ARCO has an average volume of 1252560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, ARCO turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- In the last month ARCO has a been trading in the 7.39 - 8.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ARCO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.87
4 important support areas can be observed.
- A support zone ranging from 7.61 to 7.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.47 from a trend line in the daily time frame.
- A support zone ranging from 7.13 to 7.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.46 to 8.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for ARCO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARCO is neutral. |
| ChartMill Relative Strength | 59.21 | NEUTRAL | ARCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.75 | NEUTRAL | The RSI value for ARCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ARCO has a negative trend. |
| Stochastics (14,3) | 44.36 | NEUTRAL | The Stochastics value for ARCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for ARCO suggests some volalility. |
| Average Directional Index/ADX (14) | 34.4 | POSITIVE | The high ADX value value for ARCO suggests a strong trend. |
8.36
+0.34 (+4.24%)
ARCOS DORADOS HOLDINGS INC-A / ARCO FAQ
Can you provide the ChartMill technical rating for ARCOS DORADOS HOLDINGS INC-A?
ChartMill assigns a technical rating of 7 / 10 to ARCO.
What is the current trend direction of ARCOS DORADOS HOLDINGS INC-A (ARCO) stock?
The current trend direction for ARCOS DORADOS HOLDINGS INC-A (ARCO) is Bullish.
What is the RSI signal for ARCO stock?
ARCOS DORADOS HOLDINGS INC-A (ARCO) has an RSI value of 56.7526. This indicates that the stock is currently neutral.
What is the short term momentum for ARCO stock?
The short term momentum for ARCOS DORADOS HOLDINGS INC-A (ARCO) is neutral.
What are the support and resistance levels for ARCOS DORADOS HOLDINGS INC-A (ARCO) stock?
ARCOS DORADOS HOLDINGS INC-A (ARCO) has a support level at 7.78 and a resistance level at 8.46. Check the full technical report for our detailed analysis of ARCO support and resistance levels.