ARK RESTAURANTS CORP (ARKR)       21.3  -0.7 (-3.18%)

21.3  -0.7 (-3.18%)

US0407121013 - Common Stock - After market: 21 -0.3 (-1.41%)

Technical Rating

We assign a technical rating of 9 out of 10 to ARKR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARKR is showing a nice and steady performance.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ARKR is one of the better performing stocks in the market, outperforming 94% of all stocks.
ARKR is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 93% of 148 stocks in the same industry.
ARKR is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
In the last month ARKR has a been trading in the 19.16 - 22.45 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Warning: ARKR has an average volume of 12574 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Statistics

1 Month 3 Months 6 Months 12 Months 10.71% 30.20% 11.23% 33.96% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 94.67 15.31 - 22.45
ARKR Weekly chart
ARKR Daily chart

Support/Resistance Analysis


15.35

22.22
5 important support areas can be observed.
  • A support zone ranging from 19.48 to 19.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @17.36 from a horizontal line in the daily time frame.
  • Support @16.67 from a trend line in the weekly time frame.
  • A support zone ranging from 16.17 to 16.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 15.50 to 15.65. 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 21.37 to 22.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

Although ARKR has an excellent technical rating, it does not present a decent entry opportunity 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.


ARKR Daily chart

ARK RESTAURANTS CORP21.3

NASDAQ:ARKR (8/16/2022, 7:16:59 PM)-0.7 (-3.18%)

After market: 21 -0.3 (-1.41%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Hotels, Restaurants & Leisure
Performance
Today -3.18% 1 Week 0.71%
2 Weeks 3% 1 Month 10.71%
3 Month 30.2% 6 Month 11.23%
Volatility
ATR(14) 0.64 ATR(20)% 2.42%
ATR Inc 114.06% Range Today 1.71
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 94.67 Mansfield 2.27
10 Day High 22.45 10 Day Low 20.55
20 Day High 22.45 20 Day Low 19.16
52 Week High 22.45 52 Week Low 15.31
CS1 End 19.63 CR1 Start 21.37
Volume & EV
DER(3) -11.69% DER(5) -8.11%
Volume 43.60K Volume Incr 125.59%
Vol(5) 21.60K Vol(50) 12.57K

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