How To Trade (ARCB)

June 29, 2024, 18:58 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ARCB

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short ARCB slightly under 111.02, target n/a, stop loss @ 111.34 Details

The technical summary data is suggesting a short of ARCB as it gets near 111.02, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 111.34. 111.02 is the first level of resistance above 107.08, and by rule, any test of resistance is a short signal. In this case, if resistance 111.02 is being tested, so a short signal would exist.

Swing Trading Plans for ARCB

• Buy ARCB slightly over 108.02, target 111.02, Stop Loss @ 107.71 Details

If 108.02 begins to break higher, the technical summary data tells us to buy ARCB just slightly over 108.02, with an upside target of 111.02. The data also tells us to set a stop loss @ 107.71 in case the stock turns against the trade. 108.02 is the first level of resistance above 107.08, and by rule, any break above resistance is a buy signal. In this case, 108.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ARCB slightly near 108.02, target 104.15, Stop Loss @ 108.33. Details

The technical summary data is suggesting a short of ARCB if it tests 108.02 with a downside target of 104.15. We should have a stop loss in place at 108.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ARCB

• Buy ARCB slightly over 107.5, target 108.02, Stop Loss @ 107.25 Details

If 107.5 begins to break higher, the technical summary data tells us to buy ARCB just slightly over 107.5, with an upside target of 108.02. The data also tells us to set a stop loss @ 107.25 in case the stock turns against the trade. 107.5 is the first level of resistance above 107.08, and by rule, any break above resistance is a buy signal. In this case, 107.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ARCB slightly near 107.5, target 104.83, Stop Loss @ 107.75. Details

The technical summary data is suggesting a short of ARCB if it tests 107.5 with a downside target of 104.83. We should have a stop loss in place at 107.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 107.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Arcbest Corporation (ARCB) available here: ARCB.

ARCB Ratings for June 29:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	111.02
P2	104.83	104.15	128.52
P3	107.5	108.02	146.9

AI Generated Signals for ARCB

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This report provides trading strategies for Arcbest Corporation (NASDAQ: ARCB) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ARCB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ARCB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ARCB too.  All of these are offered below the Summary Table.