ARCOS DORADOS HOLDINGS INC-A (ARCO) Stock Technical Analysis
NYSE:ARCO - New York Stock Exchange, Inc. - VGG0457F1071 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ARCO. ARCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ARCO is a bad performer in the overall market: 89% of all stocks are doing better.
ARCO is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 81% of 131 stocks in the same industry do better.
ARCO 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 ARCO has a been trading in the 7.08 - 8.07 range, which is quite wide. It is currently trading near the lows of this range.
ARCO has an average volume of 1468000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ARCO has a poor technical rating and the quality of the setup is also only medium 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
6.79
8.38
2 important support areas can be observed.
- Support @7.14 from a horizontal line in the weekly time frame.
- Support @6.86 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @7.15 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.54 to 7.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.82 to 7.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.15 from a trend line in the daily time frame.
- Resistance @8.30 from a horizontal line in the daily time frame.
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 ARCO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARCO is down. |
| ChartMill Relative Strength | 11.95 | NEGATIVE | ARCO has a low relative strength, it was outperformed by 88.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.89 | NEUTRAL | The RSI value for ARCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ARCO has a negative trend. |
| Stochastics (14,3) | 11.69 | OVERSOLD | The low Stochastics value suggests ARCO may be oversold. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ARCO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.5 | NEGATIVE | The low ADX value for ARCO suggests a weak or negative trend. |
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)
7.15
-0.05 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.69%
1 Week-0.14%
2 Weeks-7.5%
1 Month-5.42%
3 Month-5.55%
6 Month-2.46%
12 Month-25.91%
2 Year-36.73%
3 Year-1.52%
5 Year53.76%
10 Year70.48%
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%2.78%
ATR Inc1.67%
Range Today0.24
ADR(20)0.19
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.95
Mansfield-1.88
10 Day High7.75
10 Day Low7.08
20 Day High8.07
20 Day Low7.08
52 Week High10.55
52 Week Low6.66
CS1 End7.14
CR1 Start7.15
Volume & EV
DER(3)-0.42%
DER(5)0.85%
Volume1.49M
Volume Incr-38.18%
Vol(5)987.66K
Vol(50)1.47M