ARM HOLDINGS PLC ADS
ARM HOLDINGS PLC ADS
- USD (-)
- 15 min delayed data - NASDAQ Stocks
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Type: Stocks
Ticker: ARM
ISIN:

ARM HOLDINGS PLC ADS - Daily - Technical analysis published on 04/19/2024 (GMT)

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  • Timeframe : Daily
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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

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 Sazzy. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H

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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

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:

Central Indicators

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:

Central Indicators

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

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

Central Indicators

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


S2S1PriceR1R2R3
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
Standard97.85100.21102.57104.93107.29109.65112.01
Camarilla103.62104.06104.49104.92105.35105.79106.22
Woodie97.84100.21102.56104.93107.28109.65112.00
Fibonacci100.21102.02103.13104.93106.74107.85109.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard109.32116.36121.34128.38133.36140.40145.38
Camarilla123.03124.13125.23126.33127.43128.53129.64
Woodie108.30115.85120.32127.87132.34139.89144.36
Fibonacci116.36120.95123.79128.38132.97135.81140.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.65104.52114.75131.62141.85158.72168.95
Camarilla117.54120.02122.51124.99127.47129.96132.44
Woodie84.34102.86111.44129.96138.54157.06165.64
Fibonacci104.52114.87121.26131.62141.97148.36158.72

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 : - 15 min delayed data - NASDAQ Stocks

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

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