ARM HOLDINGS PLC ADS - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 116.36 USD
My targets
109.32 USD (-0.92%)
104.52 USD (-5.28%)
My analysis
The bearish trend is currently very strong for ARM HOLDINGS PLC ADS. As long as the price remains below the resistance at 116.36 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 109.32 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 104.52 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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Additional analysis
Quotes
ARM HOLDINGS PLC ADS rating 110.34 USD. On the day, this instrument lost -9.72% and was between 109.15 USD and 122.68 USD. This implies that the price is at +1.09% from its lowest and at -10.06% from its highest.109.15
122.68
110.34
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:
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
A technical analysis in 1H of this ARM HOLDINGS PLC ADS chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 47.87 | 78.03 | 110.34 | 121.98 | 131.23 | 136.27 |
| Change (%) | -56.62% | -29.28% | - | +10.55% | +18.93% | +23.50% |
| Change | -62.47 | -32.31 | - | +11.64 | +20.89 | +25.93 |
| Level | Minor | Minor | - | Major | Minor | Minor |
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 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: | -12.55% | |
| Price / MA20: | -13.36% | |
| Price / MA50: | -12.72% | |
| Price / MA100: | +12.94% | |
| Price / MAexp7: | -10.21% | |
| Price / MAexp20: | -11.12% | |
| Price / MAexp50: | -12.02% | |
| Price / MAexp100: | -12.95% |
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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