ARCONIC CORP.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ARNC
ISIN:

ARCONIC CORP. - Daily - Technical analysis published on 10/16/2019 (GMT)

248
0
Who voted?
1

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : INVALID

Download a full-size picture

ARCONIC CORP. Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 27.31 USD

My targets

28.16 USD (+2.36%)

30.84 USD (+12.10%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARCONIC INC. as long as the price remains well above 27.31 USD. The buyers” bullish objective is set at 28.16 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.84 USD. If there is any crossing, the next objective would be the resistance located at 40.18 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

FORCE

8.2

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 Vincent Launay.

Additional analysis

Quotes

The ARCONIC INC. price is 27.51 USD. On the day, this instrument lost -1.26% and was between 27.47 USD and 27.92 USD. This implies that the price is at +0.15% from its lowest and at -1.47% from its highest.

27.47

27.92

27.51

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ARCONIC INC.:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ARCONIC INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.24	26.15	27.31	27.51	28.16	30.84	40.18
Change (%)	-11.89%	-4.94%	-0.73%	-	+2.36%	+12.10%	+46.06%
Change	-3.27	-1.36	-0.20	-	+0.65	+3.33	+12.67
Level	Major	Intermediate	Intermediate	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.20	26.55	27.21	27.56	28.22	28.57	29.23
Camarilla	27.58	27.68	27.77	27.86	27.95	28.05	28.14
Woodie	26.35	26.63	27.36	27.64	28.37	28.65	29.38
Fibonacci	26.55	26.94	27.18	27.56	27.95	28.19	28.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.81	23.68	25.06	25.93	27.31	28.18	29.56
Camarilla	25.83	26.04	26.24	26.45	26.66	26.86	27.07
Woodie	23.08	23.81	25.33	26.06	27.58	28.31	29.83
Fibonacci	23.68	24.54	25.07	25.93	26.79	27.32	28.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.31	24.41	25.21	26.31	27.10	28.20	29.00
Camarilla	25.48	25.65	25.83	26.00	26.17	26.35	26.52
Woodie	23.16	24.33	25.05	26.23	26.95	28.12	28.84
Fibonacci	24.41	25.13	25.58	26.31	27.03	27.48	28.20

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.21
MACD (12,26,9):	0.2400
Directional Movement:	18.75
AROON (14):	64.29
DEMA (21):	26.38
Parabolic SAR (0,02-0,02-0,2):	24.90
Elder Ray (13):	1.41
Super Trend (3,10):	25.77
Zig ZAG (10):	27.51
VORTEX (21):	0.9700
Stochastique (14,3,5):	94.71
TEMA (21):	26.52
Williams %R (14):	-9.81
Chande Momentum Oscillator (20):	1.51
Repulse (5,40,3):	1.9000
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.47

MA7:	26.45
MA20:	26.01
MA50:	25.85
MA100:	25.12
MAexp7:	26.69
MAexp20:	26.16
MAexp50:	25.79
MAexp100:	24.88
Price / MA7:	+4.01%
Price / MA20:	+5.77%
Price / MA50:	+6.42%
Price / MA100:	+9.51%
Price / MAexp7:	+3.07%
Price / MAexp20:	+5.16%
Price / MAexp50:	+6.67%
Price / MAexp100:	+10.57%

News

The latest news and videos published on ARCONIC INC. at the time of the analysis were as follows:

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

About author

Londinia AI

Online

Overall rating :

15509

Number of analyses :

89775

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…