Arconic Corporation (ARNC) Technical Analysis
NYSE:ARNC • US03966V1070
Current stock price
ARNC Technical Rating and Analysis
Overall ARNC gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ARNC is only an average performer.
- ARNC is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 68% are performing better than ARNC.
- Both the short term and long term trends are positive. This is a very positive sign.
- ARNC is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, 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.
- 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.
ARNC Weekly and Daily overview Charts
ARNC Setup Rating and Analysis
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
ARNC Support and Resistance Analysis
24.02
3 important support areas can be observed.
- 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.
ARNC 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 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. |
ARNC Chart- and CandleStick Pattern Analysis
ARNC 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 |
|---|---|---|---|
| 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.
ARNC Technicals: Chart, Performance Metrics, Trend & Indicators
29.99
+0.01 (+0.03%)
Arconic Corporation / ARNC TA FAQ
What is the ChartMill technical rating of Arconic Corporation (ARNC) stock?
ChartMill assigns a technical rating of 7 / 10 to ARNC.
Can you provide the trend direction for Arconic Corporation?
The current trend direction for Arconic Corporation (ARNC) is Bullish.
Can you provide the RSI signal for Arconic Corporation?
Arconic Corporation (ARNC) has an RSI value of 72.7324. This indicates that the stock is currently overbought.
What is the MACD signal for ARNC stock?
The MACD indicator for Arconic Corporation (ARNC) has a value of -0.0158042, indicating a bearish trend.
What is the short term momentum for ARNC stock?
The short term momentum for Arconic Corporation (ARNC) is positive.