ARCOS DORADOS HOLDINGS INC-A (ARCO) Stock Technical Analysis
NYSE:ARCO - New York Stock Exchange, Inc. - VGG0457F1071 - Common Stock - Currency: USD
Overall ARCO gets a technical rating of 1 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ARCO is a bad performer in the overall market: 81% of all stocks are doing better.
ARCO is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, of which 71% are performing better than ARCO.
ARCO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARCO is lagging the market.
In the last month ARCO has a been trading in the 7.19 - 7.73 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ARCO has an average volume of 1750920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ARCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.51, a Stop Loss order could be placed below this zone.
More info and screens
6.79
8.57
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.40 to 7.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.14 to 7.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @6.86 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 7.62 to 7.66. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @7.90 from a trend line in the daily time frame.
- A resistance zone ranging from 8.25 to 8.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 8.48 to 8.49. 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 | DOWN | NEGATIVE | The long term trend for ARCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARCO is neutral. |
| ChartMill Relative Strength | 19.84 | NEGATIVE | ARCO has a low relative strength, it was outperformed by 80.16% off all stocks 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) | DOWN | MIXED | The current price of ARCO is above 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) | 50.84 | NEUTRAL | The RSI value for ARCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ARCO has a positive trend. |
| Stochastics (14,3) | 78.91 | NEUTRAL | The Stochastics value for ARCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ARCO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.41 | 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)
7.56
-0.04 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.53%
1 Week0.4%
2 Weeks2.02%
1 Month2.16%
3 Month-8.59%
6 Month-4.3%
12 Month-17.01%
2 Year-26.24%
3 Year12.17%
5 Year82.84%
10 Year45.64%
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%2.69%
ATR Inc-34.86%
Range Today0.1
ADR(20)0.19
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.84
Mansfield-1.3
10 Day High7.62
10 Day Low7.24
20 Day High7.73
20 Day Low7.19
52 Week High10.55
52 Week Low6.66
CS1 End7.51
CR1 Start7.62
Volume & EV
DER(3)1.57%
DER(5)-1.44%
Volume1.68M
Volume Incr-14.91%
Vol(5)1.28M
Vol(50)1.75M