ARMO BIOSCIENCES INC (ARMO) Stock Technical Analysis
NASDAQ:ARMO - Nasdaq - US04225U1043
Overall ARMO gets a technical rating of 6 out of 10. ARMO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
When analyzing the support we notice one important 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.
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%)