ARMO BIOSCIENCES INC (ARMO) Stock Technical Analysis
NASDAQ:ARMO - Nasdaq - US04225U1043
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.
Although the technical rating is only medium, ARMO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
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.
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. |
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.
49.98
+0.01 (+0.02%)