ARAMARK (ARMK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARMK - US03852U1060 - Common Stock
We assign a technical rating of 4 out of 10 to ARMK. In the past year, ARMK was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- ARMK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ARMK has an average volume of 2523240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, ARMK outperforms 41% of them, which is more or less in line with the market.
- ARMK is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 59% of 132 stocks in the same industry.
- ARMK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARMK is lagging the market.
Although the technical rating is only medium, ARMK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 38.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ARMK in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.61
3 important support areas can be observed.
- A support zone ranging from 37.89 to 38.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.03 to 37.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.92 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.96 to 39.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @40.74 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 | NEUTRAL | NEUTRAL | The long term trend for ARMK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARMK is neutral. |
| ChartMill Relative Strength | 41.98 | 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) | UP | POSITIVE | The current price of ARMK is above the rising 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) | 53.03 | NEUTRAL | The RSI value for ARMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ARMK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.97 | NEUTRAL | The Stochastics value for ARMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ARMK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for ARMK suggests a weak or negative trend. |
38.76
-0.03 (-0.08%)
ARAMARK / ARMK FAQ
What is the technical rating for ARMK stock?
ChartMill assigns a technical rating of 4 / 10 to ARMK.
Can you provide the trend direction for ARAMARK?
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 53.0255. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ARAMARK?
The MACD indicator for ARAMARK (ARMK) has a value of 0.00530091, indicating a bearish trend.
Can you provide the support and resistance levels for ARAMARK?
ARAMARK (ARMK) has a support level at 38.46 and a resistance level at 38.96. Check the full technical report for our detailed analysis of ARMK support and resistance levels.