ARM HOLDINGS PLC ADS - Daily - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 104.52 USD
My targets
131.62 USD (+8.25%)
138.31 USD (+13.75%)
My analysis
The basic trend is bullish on ARM HOLDINGS PLC ADS and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 104.52 USD. Sellers would then use the next support located at 87.65 USD as an objective. Crossing it would then enable sellers to target 78.03 USD. If there is a return to above the resistance located at 131.62 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 138.31 USD and 148.97 USD by extension.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
0.7
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Additional analysis
Quotes
The ARM HOLDINGS PLC ADS rating is 121.59 USD. On the day, this instrument lost -0.52% and was between 120.76 USD and 122.28 USD. This implies that the price is at +0.69% from its lowest and at -0.56% from its highest.120.76
122.28
121.59
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:
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 ARM HOLDINGS PLC ADS in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 47.87 | 78.03 | 121.59 | 121.98 | 138.31 | 148.97 |
| Change (%) | -60.63% | -35.83% | - | +0.32% | +13.75% | +22.52% |
| Change | -73.72 | -43.56 | - | +0.39 | +16.72 | +27.38 |
| Level | Minor | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 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): | 46.01 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | 6.48 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 127.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 139.31 | |
| Elder Ray (13): | -3.44 | |
| Super Trend (3,10): | 115.84 | |
| Zig ZAG (10): | 122.22 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 16.25 | |
| TEMA (21): | 122.57 | |
| Williams %R (14): | -85.71 | |
| Chande Momentum Oscillator (20): | -2.77 | |
| Repulse (5,40,3): | -3.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 7.39 |
| MA7: | 126.18 | |
| MA20: | 127.36 | |
| MA50: | 126.42 | |
| MA100: | 97.70 | |
| MAexp7: | 125.01 | |
| MAexp20: | 126.49 | |
| MAexp50: | 119.58 | |
| MAexp100: | 102.89 | |
| Price / MA7: | -3.64% | |
| Price / MA20: | -4.53% | |
| Price / MA50: | -3.82% | |
| Price / MA100: | +24.45% | |
| Price / MAexp7: | -2.74% | |
| Price / MAexp20: | -3.87% | |
| Price / MAexp50: | +1.68% | |
| Price / MAexp100: | +18.17% |
Quotes :
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15 min delayed data
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This member declared not having a position on this financial instrument or a related financial instrument.
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