Arconic Corporation (ARNC) Stock Technical Analysis
NYSE:ARNC - New York Stock Exchange, Inc. - US03966V1070 - Common Stock - Currency: USD
Overall ARNC gets a technical rating of 7 out of 10. Although ARNC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by ARNC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so ARNC is leading the market.
ARNC has an average volume of 1213700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ARNC is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ARNC is an average performer in the Metals & Mining industry, it outperforms 54% of 154 stocks in the same industry.
In the last month ARNC has a been trading in a tight range between 29.77 and 30.02.
Volume is considerably higher in the last couple of days.
Although ARNC has an excellent technical rating, the quality of the presented setup is not ideal 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
24.02
30.30
We found 3 important support areas.
- A support zone ranging from 28.85 to 29.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.53 from a trend line in the weekly time frame.
- Support @24.26 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.00 to 30.00. This zone is formed by a combination of multiple trend lines 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 ARNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARNC is up. |
| ChartMill Relative Strength | 77.45 | POSITIVE | ARNC has a high relative strength, it outperformed 77.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.73 | OVERBOUGHT | The high RSI value suggests ARNC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ARNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.62 | OVERBOUGHT | The high Stochastics value suggests ARNC may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for ARNC suggests low volalility. |
| Average Directional Index/ADX (14) | 49 | POSITIVE | The high ADX value value for ARNC suggests a strong 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 |
|---|---|---|---|
| 30.01 | 29.85 | 0.16 (0.53%) | 25.00% |
| An entry @30.01. This is a Buy Stop order right above the resistance zone. | An exit @29.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 0.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- 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.
29.99
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.03%
1 Week0.37%
2 Weeks0.37%
1 Month0.54%
3 Month3.84%
6 Month24.34%
12 Month10.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.17%
ATR Inc4.05%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.45
Mansfield1.24
10 Day High30.02
10 Day Low29.86
20 Day High30.02
20 Day Low29.77
52 Week High30.02
52 Week Low16.33
CS1 End29.92
CR1 Start30
Volume & EV
DER(3)-7.9%
DER(5)-3.99%
Volume4.38M
Volume Incr76.43%
Vol(5)2.08M
Vol(50)1.21M