LEVERAGE SHARES 2X ARM (ARMG) Stock Technical Analysis
NASDAQ:ARMG • US8829275770
Taking everything into account, ARMG scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ARMG was also a bad performer in the overall market in the last year.
- 93% of all other stocks performed better in the past year than ARMG.
- ARMG 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 ARMG has a been trading in the 4.63 - 7.79 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Volume is considerably higher in the last couple of days.
The technical rating of ARMG is bad and it also does not present a quality setup 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
6.67
When analyzing the support we notice one important area.
- A support zone ranging from 6.74 to 6.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.16 to 7.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.21 from a trend line in the weekly time frame.
- Resistance @16.50 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 ARMG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARMG is up. |
| ChartMill Relative Strength | 7 | NEGATIVE | ARMG has a low relative strength, it was outperformed by 93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ARMG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARMG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.29 | NEUTRAL | The RSI value for ARMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests ARMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.9 | NEUTRAL | The Stochastics value for ARMG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.75 | HIGH VOLATILITY | The high ATR as a percentage value for ARMG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for ARMG suggests a possible start of a new trend. |
7.15
+0.36 (+5.3%)
LEVERAGE SHARES 2X ARM / ARMG FAQ
What is the ChartMill technical rating of LEVERAGE SHARES 2X ARM (ARMG) stock?
ChartMill assigns a technical rating of 2 / 10 to ARMG.
Can you provide the trend direction for LEVERAGE SHARES 2X ARM?
The current trend direction for LEVERAGE SHARES 2X ARM (ARMG) is Bearish.
What is the RSI signal for ARMG stock?
LEVERAGE SHARES 2X ARM (ARMG) has an RSI value of 59.2912. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for LEVERAGE SHARES 2X ARM?
The buy/sell signal for LEVERAGE SHARES 2X ARM (ARMG) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for LEVERAGE SHARES 2X ARM (ARMG) stock?
LEVERAGE SHARES 2X ARM (ARMG) has a support level at 6.78 and a resistance level at 7.16. Check the full technical report for our detailed analysis of ARMG support and resistance levels.