Taking everything into account, ARMN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARMN is showing a nice and steady performance.
Besides having an excellent technical rating, ARMN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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9.60
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.50 to 16.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.81 to 15.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.06 from a trend line in the weekly time frame.
- Support @11.59 from a trend line in the daily time frame.
- Support @9.70 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @17.15 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 | UP | POSITIVE | The long term trend for ARMN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARMN is up. |
| ChartMill Relative Strength | 99.11 | POSITIVE | ARMN has a high relative strength, it outperformed 99.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARMN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.32 | NEUTRAL | The RSI value for ARMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ARMN has a negative trend. |
| Stochastics (14,3) | 87.35 | OVERBOUGHT | The high Stochastics value suggests ARMN may be overbought. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for ARMN suggests some volalility. |
| Average Directional Index/ADX (14) | 37.94 | POSITIVE | The high ADX value value for ARMN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.16 | 16.49 | 0.67 (3.90%) | 25.00% |
| An entry @17.16. This is a Buy Stop order right above the resistance zone. | An exit @16.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.67 points, which is 3.90%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ARMN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.66
-0.49 (-2.86%)
ARIS MINING CORP / ARMN FAQ
Can you provide the ChartMill technical rating for ARIS MINING CORP?
ChartMill assigns a technical rating of 10 / 10 to ARMN.
Can you provide the trend direction for ARIS MINING CORP?
The current trend direction for ARIS MINING CORP (ARMN) is Bullish.
Can you provide the RSI signal for ARIS MINING CORP?
ARIS MINING CORP (ARMN) has an RSI value of 63.3194. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARIS MINING CORP?
The short term momentum for ARIS MINING CORP (ARMN) is positive.
What are the support and resistance levels for ARIS MINING CORP (ARMN) stock?
ARIS MINING CORP (ARMN) has a support level at 16.54 and a resistance level at 17.15. Check the full technical report for our detailed analysis of ARMN support and resistance levels.