ARIS MINING CORP (ARMN) Stock Technical Analysis
NYSEARCA:ARMN - CA04040Y1097 - Common Stock
8.68 USD
+0.48 (+5.85%)
8.76 USD
+0.08 (+0.92%)
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ARMN did better than 93% of all other stocks.
ARMN is part of the Metals & Mining industry. There are 155 other stocks in this industry. ARMN outperforms 74% 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.
In the last month ARMN has a been trading in the 6.65 - 8.73 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ARMN has an average volume of 1455580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ARMN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.49
8.77
We found 2 important support areas.
- A support zone ranging from 6.86 to 7.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.56 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 | 93.86 | POSITIVE | ARMN has a high relative strength, it outperformed 93.86% 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) | 74.13 | OVERBOUGHT | The high RSI value suggests ARMN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ARMN has a positive trend. |
| Stochastics (14,3) | 95.5 | OVERBOUGHT | The high Stochastics value suggests ARMN may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ARMN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.81 | 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)
8.68
+0.48 (+5.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.85%
1 Week22.08%
2 Weeks25.8%
1 Month22.25%
3 Month32.93%
6 Month134.6%
12 Month91.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%4.18%
ATR Inc26.35%
Range Today0.63
ADR(20)0.35
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.86
Mansfield5.53
10 Day High8.74
10 Day Low6.7
20 Day High8.74
20 Day Low6.65
52 Week High8.74
52 Week Low3.29
CS1 End7.05
CR1 StartN/A
Volume & EV
DER(3)7.69%
DER(5)5.67%
Volume3.37M
Volume Incr65.35%
Vol(5)2.31M
Vol(50)1.46M