ARM Technical Analysis - ARM HOLDINGS PLC-ADR

Technical Rating and Analysis

Overall ARM gets a technical rating of 8 out of 10. Although ARM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

ARM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARM is lagging the market slightly.

In the last month ARM has a been trading in the 137.62 - 175.00 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, which is what you like to see during a strong movement up.

ARM has an average volume of 4678690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, ARM did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

ARM is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, ARM did better than 46% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARM HOLDINGS PLC-ADR / ARM Weekly stock chart

ARM HOLDINGS PLC-ADR / ARM Daily stock chart

Setup Rating and Analysis

Although ARM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

86.32

173.66

4 important support areas can be observed.

Support @154.80 from a horizontal line in the daily time frame.
A support zone ranging from 144.06 to 144.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @136.96 from a trend line in the daily time frame.
Support @87.19 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 ARM is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ARM is up.
ChartMill Relative Strength	73.67	POSITIVE	ARM has a high relative strength, it outperformed 73.67% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ARM is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ARM is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ARM is above the rising SMA(200).
Relative Strength Index/RSI (14)	65.15	NEUTRAL	The RSI value for ARM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.21	POSITIVE	The MACD value suggests ARM has a positive trend.
Stochastics (14,3)	79.5	NEUTRAL	The Stochastics value for ARM is a neutral value.
Average True Range in percent/ATR (20)	4.28	MEDIUM VOLATILITY	The ATR as a percentage value for ARM suggests some volalility.
Average Directional Index/ADX (14)	22.15	NEUTRAL	The ADX value for ARM suggests a possible start of a new trend.