How the (ARCB) price action is used to our Advantage
January 16, 2024, 20:14 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ARCB
- Buy ARCB slightly over 115.97 target 128.33 stop loss @ 115.64 Details
The technical summary data tells us to buy ARCB near 115.97 with an upside target of 128.33. This data also tells us to set a stop loss @ 115.64 to protect against excessive loss in case the stock begins to move against the trade. 115.97 is the first level of support below 116.13 , and by rule, any test of support is a buy signal. In this case, support 115.97 is being tested, a buy signal would exist.
- Short ARCB slightly under 128.33, target 115.97, stop loss @ 128.7 Details
The technical summary data is suggesting a short of ARCB as it gets near 128.33 with a downside target of 115.97. We should have a stop loss in place at 128.7though. 128.33 is the first level of resistance above 116.13, and by rule, any test of resistance is a short signal. In this case, if resistance 128.33 is being tested, a short signal would exist.
Swing Trading Plans for ARCB
- Buy ARCB slightly over 117.44, target 128.33, Stop Loss @ 117.1 Details
If 117.44 begins to break higher, the technical summary data tells us to buy ARCB just slightly over 117.44, with an upside target of 128.33. The data also tells us to set a stop loss @ 117.1 in case the stock turns against the trade. 117.44 is the first level of resistance above 116.13, and by rule, any break above resistance is a buy signal. In this case, 117.44, 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 117.44, target 115.97, Stop Loss @ 117.78. Details
The technical summary data is suggesting a short of ARCB if it tests 117.44 with a downside target of 115.97. We should have a stop loss in place at 117.78 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, 117.44, 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 117.45, target 128.33, Stop Loss @ 117.18 Details
If 117.45 begins to break higher, the technical summary data tells us to buy ARCB just slightly over 117.45, with an upside target of 128.33. The data also tells us to set a stop loss @ 117.18 in case the stock turns against the trade. 117.45 is the first level of resistance above 116.13, and by rule, any break above resistance is a buy signal. In this case, 117.45, 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 117.45, target 116.05, Stop Loss @ 117.72. Details
The technical summary data is suggesting a short of ARCB if it tests 117.45 with a downside target of 116.05. We should have a stop loss in place at 117.72 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, 117.45, 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 January 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
104.22 |
| P2 |
116.05 |
114.29 |
115.97 |
| P3 |
117.45 |
117.44 |
128.33 |
AI Generated Signals for ARCB
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Arcbest Corporation (NASDAQ: ARCB) data table below can help you with price action, and we have more details too. Trading plans for ARCB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ARCB:
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