ARMO BIOSCIENCES INC (ARMO) Technical Analysis
NASDAQ:ARMO • US04225U1043
Current stock price
ARMO Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to ARMO. In the last year, ARMO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, ARMO is a bad performer in the overall market: 100% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- ARMO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARMO is performing more or less in line with the market.
- In the last month ARMO has a been trading in a tight range between 49.85 and 50.05.
- Considerably lower volume is observed in the last couple of days.
ARMO Weekly and Daily overview Charts
ARMO Setup Rating and Analysis
Although the technical rating is only medium, ARMO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 49.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.97, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
ARMO Support and Resistance Analysis
49.39
We found 1 important support area.
- A support zone ranging from 49.89 to 49.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.98 to 50.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ARMO Technical Indicator Signal Analysis
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 ARMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARMO is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ARMO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARMO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARMO is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 77.27 | OVERBOUGHT | The high RSI value suggests ARMO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests ARMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.76 | NEUTRAL | The Stochastics value for ARMO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for ARMO suggests low volalility. |
ARMO Chart- and CandleStick Pattern Analysis
ARMO Example Setup
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 |
|---|---|---|---|
| 50.07 | 49.94 | 0.13 (0.26%) | 25.00% |
| An entry @50.07. This is a Buy Stop order right above the resistance zone. | An exit @49.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 0.26%. | For a 0.06% total portfolio risk, you can invest 25.00% 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.
ARMO Technicals: Chart, Performance Metrics, Trend & Indicators
49.98
+0.01 (+0.02%)
ARMO BIOSCIENCES INC / ARMO TA FAQ
What is the technical rating for ARMO stock?
ChartMill assigns a technical rating of 6 / 10 to ARMO.
What is the current trend direction of ARMO BIOSCIENCES INC (ARMO) stock?
The current trend direction for ARMO BIOSCIENCES INC (ARMO) is Bullish.
What is the RSI signal for ARMO BIOSCIENCES INC (ARMO) stock?
ARMO BIOSCIENCES INC (ARMO) has an RSI value of 77.2712. This indicates that the stock is currently overbought.
What is the MACD signal for ARMO stock?
The MACD indicator for ARMO BIOSCIENCES INC (ARMO) has a value of -0.60634, indicating a bearish trend.
What is the support and resistance level for ARMO stock?
ARMO BIOSCIENCES INC (ARMO) has a support level at 49.97 and a resistance level at 49.98. Check the full technical report for our detailed analysis of ARMO support and resistance levels.