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ARCOSA, INCARCOSA, INCARCOSA, INC

ARCOSA, INC

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ACA trade ideas

Double Bottom Chart PatternCompany Info The company was incorporated in 2018. Since then, it has seen tremendous growth despite the 2020 pandemic. Arcosa, along with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It has three operations: construction products that offer natural and recycled aggregates. Engineering structures that provide utility structures as well as wind towers and traffic and lighting structures. Transportation products that offer inland barges, fibreglass barge covers and other components. Sector Analysis Looking at other stocks in this sector - the results are mixed. CAT, the global leader, has recently been on a downward trend while other stocks are slowly moving upwards in a constant trend. The ETF that tracks this sector (Global X U.S. Infrastructure Development ETF (PAVE)) has been rapidly increasing since 2020 and recently has been stuck, around a price level of 25 – 28. If in 2022, there are more infrastructure bills, or as the current ones are implemented. This could lead to large growth in the company and the ETF/sector as a whole. Double Bottom Analysis Type: Eve and Adam Length between Valleys: 12 weeks Volume Trend: Mixed Breakeven Failure Rate: 12% Throwback Rate: 67% Average Rise: 42% Price Target: 68.87 Percentage Change: 18% There are four variations of double bottoms. Two factors, Adam and Eve. Adam is where the price is spiky and the width on the chart is small and long. Eve is where the price is wider and is more rounded, leading to a wider width on the chart. In this stock, the double bottom is Eve and Adam. So, the left valley is wider, and the right valley is more elongated. The ideal length you want between the left and right valleys is between 3-6 weeks. This stock is way above that at 12 weeks. This rule isn’t that important, but it could pose a few issues. Such as, why is the stock taking so long to break out of this pattern and could that mean the double bottoms strength is not ideal For double bottoms, the volume is usually higher on the left valley and volume trends downwards from the left to the right 64% of the time. In this stock, the volume is larger on the left side, but you can't really see it. Once you apply a Moving Average (blue line and yellow circles) then it is seen. However, this is because, on the left valley, there have been two spikes in volume that bring up the overall average volume. So, this spike on the moving average is misleading. Therefore, I wouldn't consider it a larger volume on the left. Looking at the chart, we can see something good for this double bottom. There is a decline leading to the left valley that extends for almost 3 months. That is a positive. However, the chart pattern has formed at the top of the chart. Double bottoms perform best near their yearly lows, not yearly highs. Therefore, I am a bit concerned about the lack of upward potential on this stock. Another thing that is not ideal is the right valley is lower than the left one. If it was the other way round, it would be fine. Another thing to be wary of is the price target. It's too close to a resistance level (lower orange line) and the yearly high. So, this further limits the upward potential. Furthermore, looking at the RSI indicator we can see that the stock is currently overbought. The last time the stock went to the confirmation line it wasn’t overbought but it is now (blue rectangles). The only positives are the stock has nearly broken out of the confirmation line (upper blue line). Also, the valleys seem to find support at the Fibonacci retracement lines. Taking all of this into account, I am giving this pattern a strength rating of 2/5. One more thing to consider. ACA has an earnings call in the next couple of months. This could pose a few issues. But, looking at the company's strong fundamental growth over the last few quarters - I doubt it will be anything negative.
NYSE:ACALong
by BlackbearTrader
ACA D1 XABCD 100% gains(STOCKS)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -15+ years real live trading experience -TOP Author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates So without further due. Keep it short/simple and to the point. ACA D1 XABCD 100% gains(STOCKS) IMPORTANT NOTE: this is speculative setup. results not guaranteed. do your own due dill. at all times please use a stop loss. ACA daily. speculative XABCD setup. load point bulls 26 USD. use tight SL. 100% upside in this setup. BUY/HOLD setup. do not expect miracle overnight gains. hold time 40-90 days. SPECULATIVE SETUP. USE TIGHT SL. good luck traders! get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you.
NYSE:ACALong
by ProjectSyndicate
$ACA Construction spending boosts Arcosa Inc. Possible entry on retest of trend-line @ $35 with upside potential to $40. After suck a bullish run some profit taking expected, but definitely worth keeping on your watch-list. Benefiting from housing boom. IF a infrastructure bill ever gets past, ACA will be a huge benefactor. Company profile Arcosa, Inc. engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment and Transportation Products. The Construction Products segment produces and sells construction aggregates, and manufactures and sells trench shields and shoring products and services for infrastructure-related projects. The Energy Equipment manufactures and sells products for energy-related businesses, including structural wind towers, steel utility structures for electricity transmission and distribution, and storage and distribution containers. The Transportation Products segment covers the manufacture and sale of products for the inland waterway and rail transportation industries, including barges, barge-related products, axles, and couplers. The company was founded in December 2017 and is headquartered in Dallas, TX.
NYSE:ACA
by Bullishcharts