ARM HOLDINGS PLC ADS - Daily - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 104.52 USD
My targets
87.65 USD (-9.58%)
78.03 USD (-19.51%)
My analysis
ARM HOLDINGS PLC ADS is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 104.52 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 87.65 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 78.03 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 47.87 USD. Beware of a possible return to above the resistance located at 104.52 USD which would be a sign of a correction of the short-term bearish excesses registered.
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
0
10
3.8
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Additional analysis
Quotes
The ARM HOLDINGS PLC ADS price is 96.94 USD. The price registered a decrease of -7.61% on the session and was traded between 96.84 USD and 103.01 USD over the period. The price is currently at +0.10% from its lowest and -5.89% from its highest.96.84
103.01
96.94
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
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 detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ARM HOLDINGS PLC ADS in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
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 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 2
Type : Neutral
Timeframe : Daily
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 | 96.94 | 121.98 | 138.31 | 148.97 |
| Change (%) | -50.62% | -19.51% | - | +25.83% | +42.68% | +53.67% |
| Change | -49.07 | -18.91 | - | +25.04 | +41.37 | +52.03 |
| Level | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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 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): | 31.48 | |
| MACD (12,26,9): | -4.2800 | |
| Directional Movement: | -13.86 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 116.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.35 | |
| Elder Ray (13): | -16.65 | |
| Super Trend (3,10): | 122.17 | |
| Zig ZAG (10): | 100.53 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 3.50 | |
| TEMA (21): | 109.21 | |
| Williams %R (14): | -99.86 | |
| Chande Momentum Oscillator (20): | -25.77 | |
| Repulse (5,40,3): | -11.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 20.58 |
| MA7: | 116.22 | |
| MA20: | 123.57 | |
| MA50: | 128.25 | |
| MA100: | 99.00 | |
| MAexp7: | 112.29 | |
| MAexp20: | 120.78 | |
| MAexp50: | 117.89 | |
| MAexp100: | 103.00 | |
| Price / MA7: | -16.59% | |
| Price / MA20: | -21.55% | |
| Price / MA50: | -24.41% | |
| Price / MA100: | -2.08% | |
| Price / MAexp7: | -13.67% | |
| Price / MAexp20: | -19.74% | |
| Price / MAexp50: | -17.77% | |
| Price / MAexp100: | -5.88% |
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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