ARM HOLDINGS PLC ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	ARM
ISIN:

ARM HOLDINGS PLC ADS - 1H - Technical analysis published on 04/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 121.98 USD

My targets

116.36 USD (-4.12%)

109.32 USD (-9.92%)

My analysis

The bearish trend is currently very strong for ARM HOLDINGS PLC ADS. As long as the price remains below the resistance at 121.98 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 116.36 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 109.32 USD as an objective. Crossing it would then enable sellers to target 78.03 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Sazzy. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ARM HOLDINGS PLC ADS rating 121.36 USD. The price is lower by -0.70% since the last closing with the lowest point at 120.76 USD and the highest point at 122.28 USD. The deviation from the price is +0.50% for the low point and -0.75% for the high point.

120.76

122.28

121.36

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of ARM HOLDINGS PLC ADS indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	47.87	78.03	121.36	121.98	131.23	136.27
Change (%)	-60.56%	-35.70%	-	+0.51%	+8.13%	+12.29%
Change	-73.49	-43.33	-	+0.62	+9.87	+14.91
Level	Minor	Minor	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	117.34	119.13	120.67	122.46	124.00	125.79	127.33
Camarilla	121.30	121.61	121.92	122.22	122.53	122.83	123.14
Woodie	117.23	119.07	120.56	122.40	123.89	125.73	127.22
Fibonacci	119.13	120.40	121.19	122.46	123.73	124.52	125.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.32	116.36	121.34	128.38	133.36	140.40	145.38
Camarilla	123.03	124.13	125.23	126.33	127.43	128.53	129.64
Woodie	108.30	115.85	120.32	127.87	132.34	139.89	144.36
Fibonacci	116.36	120.95	123.79	128.38	132.97	135.81	140.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.65	104.52	114.75	131.62	141.85	158.72	168.95
Camarilla	117.54	120.02	122.51	124.99	127.47	129.96	132.44
Woodie	84.34	102.86	111.44	129.96	138.54	157.06	165.64
Fibonacci	104.52	114.87	121.26	131.62	141.97	148.36	158.72

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.43
MACD (12,26,9):	-1.1700
Directional Movement:	-3.72
AROON (14):	-57.14
DEMA (21):	122.71
Parabolic SAR (0,02-0,02-0,2):	123.92
Elder Ray (13):	-0.43
Super Trend (3,10):	127.41
Zig ZAG (10):	122.22
VORTEX (21):	0.7900
Stochastique (14,3,5):	31.88
TEMA (21):	121.88
Williams %R (14):	-78.02
Chande Momentum Oscillator (20):	-2.29
Repulse (5,40,3):	-0.9200
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	6.39

MA7:	126.18
MA20:	127.36
MA50:	126.42
MA100:	97.70
MAexp7:	122.88
MAexp20:	124.14
MAexp50:	125.42
MAexp100:	126.76
Price / MA7:	-3.82%
Price / MA20:	-4.71%
Price / MA50:	-4.00%
Price / MA100:	+24.22%
Price / MAexp7:	-1.25%
Price / MAexp20:	-2.26%
Price / MAexp50:	-3.25%
Price / MAexp100:	-4.28%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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