ARCE - watching closely for a short playWeak earnings within a bigger downtrend
The stock bounced from a strong level but still made a nice engulfing candle on a daily
Weak fundamentals
MACD is heading down, so does RSI. The stock is under all MAs (20,50,200)
Looking for some signals of weakness on Monday to take a short position
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About Arco Platform Limited
Sector
Industry
CEO
Ari de Sá Cavalcante Neto
Website
Headquarters
Consolacao
Founded
2004
Arco Platform Ltd. engages in the provision of complete pedagogical system with technology-enabled features to deliver educational content to private schools and students. It operates through the following segments: Core and Supplemental. The Core segment provides solutions that address the Brazilian K-12 curriculum requirements through a personalized and interactive learning experience. The Supplemental segment is involved primarily in English as a second language, technological solutions for communication, Learning Management System platform, and content to develop socio emotional skills. The company was founded by Ari de Sá Cavalcante Neto in 2004 and is headquartered in Consolacao, Brazil.
Brazilian Education $ARCE (Part 2 of 2)Part two on the 1hr timeframe and zoomed in for detail.
*** Very high chance this is an almost perfect Bullish Crab Harmonic
Note:
*Oversold on RSI and Stochastic on 1hr
*Previous note of descending wedge
*Previous note of touching weekly demand back to 2019
*Conservative targets noted on chart
Need some Brazilian Education $ARCE (Part 1 of 2)Ain't got now Brazil in my portfolio. Maybe now is the time.
This is a two-part post. 1st one on 4hr timeframe and zoomed out.
Notes:
* Just came back to touch the 2018-2019 trading range.
* Trading below March COVID low.
* Strong wedge down into weekly demand zone from 03/2019.
* Just touched
Arco Platform (ARCE) is ready for a break out!Fundamental analysis:
This learning platform has high potential for the future. The corona crisis has left considerable traces in daily education, which will continue till after the summer. Learning platforms like ARCO PLATFORM will benefit to the maximum.
Technical analysis:
1. Trend breakout (see
ARCE, RSI Indicator left the overbought zone on Nov 12, 2020This is a signal that ARCE's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked back and found 21 similar cases where ARCE's RSI Indicator left the overbought zone, and in 20 of them led to a successfu
ARCE, RSI Indicator left the overbought zone on Nov 10, 2020This is a signal that ARCE's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron A.I.dvisor looked back and found 21 similar cases where ARCE's RSI Indicator left the overbought zone, and in 20 of them led to a successful
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ARCE reached its all-time high on Feb 21, 2020 with the price of 59.49 USD, and its all-time low was 7.85 USD and was reached on Nov 21, 2022. View more price dynamics on ARCE chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.