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
ARCE trade ideas
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 based only on the Crab
*Possible longer swing
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 the IPO high of 25.59.
* 57% off from May 2020 highs.
* Earnings catalyst 03/31/2021
** Closer look 1hr timeframe on next post
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 picture)
2. A solid foundation for a potential break-ut
3. This stock can increase to 60 (more than 200%)
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 successful outcome. Odds of Success: 90%.This 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 successful outcome. Odds of Success: 90%. Current price $40.92 crossed the support line at $39.90 and is trading between $41.50 support and $39.90 support lines. Throughout the month of 10/13/20 - 11/12/20, the price experienced a +2% Uptrend. During the week of 11/05/20 - 11/12/20, the stock enjoyed a +5% Uptrend growth.
Bearish Trend Analysis
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day Moving Average for ARCE crossed bearishly below the 50-day moving average on September 17, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 6 of 6 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
ARCE broke above its upper Bollinger Band on November 09, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ARCE entered a downward trend on November 10, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 outcome. Odds of Success: 90%. Current price $41.55 crossed the support line at $41.50 and is trading between $42.78 support and $41.50 support lines. Throughout the month of 10/09/20 - 11/10/20, the price experienced a +6% Uptrend. During the week of 11/03/20 - 11/10/20, the stock enjoyed a +19% Uptrend growth.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day Moving Average for ARCE crossed bearishly below the 50-day moving average on September 17, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 6 of 6 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further, Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
ARCE broke above its upper Bollinger Band on November 09, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ARCE entered a downward trend on November 10, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.