ARM HOLDINGS PLC ADS - 1H - Technical analysis published on 04/19/2024 (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%
67%
17%
My opinion
Bearish under 102.58 USD
My targets
87.65 USD (-9.98%)
78.03 USD (-19.86%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ARM HOLDINGS PLC ADS as long as the price remains well below 102.58 USD. The sellers' bearish objective is set at 87.65 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 78.03 USD. In case of crossing, the next objective would be the support located at 47.87 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.7
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Additional analysis
Quotes
ARM HOLDINGS PLC ADS rating 97.37 USD. The price registered a decrease of -7.20% on the session and was traded between 97.18 USD and 103.01 USD over the period. The price is currently at +0.20% from its lowest and -5.48% from its highest.97.18
103.01
97.37
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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 notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ARM HOLDINGS PLC ADS in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
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 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 97.37 | 102.58 | 121.98 | 131.23 |
| Change (%) | -50.84% | -19.86% | - | +5.35% | +25.27% | +34.77% |
| Change | -49.50 | -19.34 | - | +5.21 | +24.61 | +33.86 |
| Level | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.85 | 100.21 | 102.57 | 104.93 | 107.29 | 109.65 | 112.01 |
| Camarilla | 103.62 | 104.06 | 104.49 | 104.92 | 105.35 | 105.79 | 106.22 |
| Woodie | 97.84 | 100.21 | 102.56 | 104.93 | 107.28 | 109.65 | 112.00 |
| Fibonacci | 100.21 | 102.02 | 103.13 | 104.93 | 106.74 | 107.85 | 109.65 |
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): | 18.91 | |
| MACD (12,26,9): | -5.2800 | |
| Directional Movement: | -40.32 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 102.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.08 | |
| Elder Ray (13): | -5.20 | |
| Super Trend (3,10): | 108.30 | |
| Zig ZAG (10): | 100.75 | |
| VORTEX (21): | 0.5800 | |
| Stochastique (14,3,5): | 8.01 | |
| TEMA (21): | 100.00 | |
| Williams %R (14): | -99.49 | |
| Chande Momentum Oscillator (20): | -10.42 | |
| Repulse (5,40,3): | -2.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6100 | |
| Courbe Coppock: | 23.52 |
| MA7: | 116.22 | |
| MA20: | 123.57 | |
| MA50: | 128.25 | |
| MA100: | 99.00 | |
| MAexp7: | 103.34 | |
| MAexp20: | 110.34 | |
| MAexp50: | 117.20 | |
| MAexp100: | 121.76 | |
| Price / MA7: | -16.22% | |
| Price / MA20: | -21.20% | |
| Price / MA50: | -24.08% | |
| Price / MA100: | -1.65% | |
| Price / MAexp7: | -5.78% | |
| Price / MAexp20: | -11.75% | |
| Price / MAexp50: | -16.92% | |
| Price / MAexp100: | -20.03% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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