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- 1/15/2021 -
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Arconic In (ARNC)

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Summary:
Weekly :Williams' Percentage Range is overboughtStochastic signal line moved below overbought area
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe Bollinger Bands are historically close together
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It was a first positive week for the Arconic In (ARNC). During the week, the ARNC gained 0.72 points, or 2.43%, and closed at 30.29 on Friday, January 15, 2021. Weekly volume was -73% below average.

Long-term trend: [See ARNC long-term trend chart]
A long-term uptrend had started on April 1, 2020 at 5.80 and reached 31.59 on December 9, 2020. ARNC gained -25.79 points, or -444.66%, in 36 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 25.22 and resistance is at 33.94. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See ARNC medium-term trend chart]
A medium-term uptrend had started on October 2, 2020 at 18.15 and reached 31.59 on December 9, 2020. ARNC gained -13.44 points, or -74.05%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.90 and resistance is at 36.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ARNC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 10, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ARNC short-term trend chart]
A short-term uptrend had started on January 5, 2021 at 27.72 and reached 31.59 on January 7, 2021. ARNC gained -3.87 points, or -13.96%, in 2 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (29.96) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See ARNC daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands (8.06%) is close to one year low (9.69%). It is 81.70% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.94
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 55.14
Greed/Fear Indicator (GFI) 52.26
Moving Average Converg./Diverg. (MACD) 0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.33
Williams' Percentage Range (W%R) 15.90
Overbought
Lane's Stochastic (%D-Slow) 78.05
Greed/Fear Indicator (GFI) 73.41
Moving Average Converg./Diverg. (MACD) 2.77
Trading Signals
Description Value Chart
Yearly Trendline Resistance 33.94
Upper Bollinger Band 30.67
Weekly Stochastic Crossing 30.54
Daily Stochastic Crossing 30.43
Price 30.29
Weekly Trendline Support 29.96
20 Day Moving Average 29.30
Parabolic System 28.95
Monthly Trendline Support 28.90
50 Day Moving Average 28.90
Weekly Trendline Resistance 28.75
Lower Bollinger Band 28.24
Yearly Trendline Support 25.22
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Aerospace & Defense 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 29.44
Low Date 01/13/2021
High 30.94
High Date 01/14/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 28.75
Support 29.96
Low 27.72
Low Date 01/05/2021
High 31.59
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 36.96
Support 28.90
Low 18.15
Low Date 10/02/2020
High 31.59
High Date 12/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.00
Low Date 04/02/2020
High 31.59
High Date 12/09/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 33.94
Support 25.22
Low 5.80
Low Date 04/01/2020
High 31.59
High Date 12/09/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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