ARCOS DORADOS HOLDINGS INC-A (ARCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARCO - VGG0457F1071 - Common Stock
Overall ARCO gets a technical rating of 8 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- ARCO is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 71% of 133 stocks in the same industry.
- In the last month ARCO has a been trading in the 7.25 - 8.04 range, which is quite wide. It is currently trading near the high of this range.
- ARCO has an average volume of 1083690 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 63% of all stocks.
- ARCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARCO is lagging the market.
Although ARCO has an excellent technical rating, the quality of the presented setup is not ideal 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
6.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.33 to 7.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.15 to 7.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.94 from a horizontal line in the daily time frame.
- A support zone ranging from 6.54 to 6.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 7.89 to 7.97. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for ARCO is up. |
| ChartMill Relative Strength | 63.24 | 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) | 57.5 | NEUTRAL | The RSI value for ARCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ARCO has a positive trend. |
| Stochastics (14,3) | 62.46 | NEUTRAL | The Stochastics value for ARCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ARCO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.31 | NEGATIVE | The low ADX value for ARCO suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.98 | 7.38 | 0.60 (7.52%) | 13.30% |
| An entry @7.98. This is a Buy Stop order right above the resistance zone. | An exit @7.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.60 points, which is 7.52%. | For a 1.00% total portfolio risk, you can invest 13.30% 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.
7.78
-0.1 (-1.27%)
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 8 / 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 57.4953. 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 positive.
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 7.45 and a resistance level at 7.89. Check the full technical report for our detailed analysis of ARCO support and resistance levels.