We assign a technical rating of 2 out of 10 to ARCX. In the past year, ARCX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ARCX is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month ARCX has a been trading in the 34.72 - 53.10 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ARCX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 49.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ARCX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
37.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.17 to 44.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @37.96 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.88 to 49.88. 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 ARCX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARCX is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ARCX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARCX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARCX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.21 | NEUTRAL | The RSI value for ARCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests ARCX has a positive trend. |
| Stochastics (14,3) | 65.1 | NEUTRAL | The Stochastics value for ARCX is a neutral value. |
| Average True Range in percent/ATR (20) | 10 | HIGH VOLATILITY | The high ATR as a percentage value for ARCX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.59 | NEGATIVE | The low ADX value for ARCX suggests a weak or negative trend. |
49.87
+5.69 (+12.88%)
TRADR 2X LONG ACHR DAILY ETF / ARCX FAQ
Can you provide the ChartMill technical rating for TRADR 2X LONG ACHR DAILY ETF?
ChartMill assigns a technical rating of 2 / 10 to ARCX.
Can you provide the trend direction for TRADR 2X LONG ACHR DAILY ETF?
The current trend direction for TRADR 2X LONG ACHR DAILY ETF (ARCX) is Bearish.
What is the RSI signal for TRADR 2X LONG ACHR DAILY ETF (ARCX) stock?
TRADR 2X LONG ACHR DAILY ETF (ARCX) has an RSI value of 55.2136. This indicates that the stock is currently neutral.
What is the short term momentum for TRADR 2X LONG ACHR DAILY ETF (ARCX) stock?
The short term momentum for TRADR 2X LONG ACHR DAILY ETF (ARCX) is neutral.