ARIS MINING CORP (ARMN) Stock Technical Analysis
NYSEARCA:ARMN - NYSE Arca - CA04040Y1097 - Common Stock - Currency: USD
Overall ARMN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ARMN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ARMN is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by ARMN over the past year are nicely spread over this period.
ARMN is part of the Metals & Mining industry. There are 154 other stocks in this industry. ARMN outperforms 81% of them.
ARMN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ARMN has an average volume of 1463430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ARMN has a been trading in the 6.42 - 7.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARMN has an excellent technical rating, but the quality of the setup is only medium 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
3.82
7.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.06 to 7.21. 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 6.88 to 6.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.48 to 6.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.86 from a trend line in the weekly 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 | 93.02 | POSITIVE | ARMN has a high relative strength, it outperformed 93.02% 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) | 61.64 | NEUTRAL | The RSI value for ARMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ARMN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.05 | NEUTRAL | The Stochastics value for ARMN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ARMN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.14 | NEUTRAL | The ADX value for ARMN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 7.73 | 7.05 | 0.68 (8.80%) | 11.37% |
| An entry @7.73. This is a Buy Stop order right above the 10 day high. | An exit @7.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.68 points, which is 8.80%. | For a 1.00% total portfolio risk, you can invest 11.37% of your capital in this trade. |
- 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.
7.37
+0.01 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.14%
1 Week6.66%
2 Weeks4.54%
1 Month8.38%
3 Month36.48%
6 Month97.59%
12 Month77.16%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%3.77%
ATR Inc20.74%
Range Today0.19
ADR(20)0.26
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.02
Mansfield3.95
10 Day High7.72
10 Day Low6.79
20 Day High7.72
20 Day Low6.42
52 Week High7.72
52 Week Low3.29
CS1 End7.21
CR1 StartN/A
Volume & EV
DER(3)0.37%
DER(5)4.57%
Volume628.70K
Volume Incr-32.75%
Vol(5)956.28K
Vol(50)1.46M