ARAMARK (ARMK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARMK - US03852U1060 - Common Stock
Taking everything into account, ARMK scores 2 out of 10 in our technical rating. ARMK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, ARMK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.82, a Stop Loss order could be placed below this zone.
More info and screens
30.61
3 important support areas can be observed.
- A support zone ranging from 36.88 to 37.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.03 from a horizontal line in the daily time frame.
- Support @30.92 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 38.10 to 38.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.00 to 40.74. 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 ARMK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARMK is neutral. |
| ChartMill Relative Strength | 46.23 | NEUTRAL | ARMK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARMK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARMK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARMK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.98 | NEUTRAL | The RSI value for ARMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ARMK has a positive trend. |
| Stochastics (14,3) | 78.36 | NEUTRAL | The Stochastics value for ARMK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for ARMK suggests low volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for ARMK suggests a weak or negative trend. |
37.97
-0.02 (-0.05%)
ARAMARK / ARMK FAQ
What is the technical rating for ARMK stock?
ChartMill assigns a technical rating of 2 / 10 to ARMK.
What is the trend direction for ARMK stock?
The current trend direction for ARAMARK (ARMK) is Bearish.
What is the RSI signal for ARAMARK (ARMK) stock?
ARAMARK (ARMK) has an RSI value of 53.9754. This indicates that the stock is currently neutral.
What is the MACD signal for ARMK stock?
The MACD indicator for ARAMARK (ARMK) has a value of 0.114718, indicating a bearish trend.