Aramark (ARMK): Price Now Near $34.82; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for ARMK

Currently, ARMK (Get Ratings)’s price is down $-0.35 (-1%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

ARMK ranks 46th in terms of today’s price percentage change out of Restaraunts Hotels Motels stocks.

ARMK’s Technical Outlook on the Daily Chart

At the moment, ARMK’s price is up $0.61 (1.78%) from the day prior. The daily chart shows that ARMK has seen 2 straight up days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Aramark’s price action over the past 90 days can be seen via the chart below.



ARMK: Daily RSI Analysis

  • ARMK’s RSI now stands at 63.0508.
  • ARMK and RSI may be exhibiting divergent trends. This may be something to monitor.

For ARMK News Traders

Investors and traders in ARMK may be particularly interested in the following story that came out in the past day:

Aramark to Host Conference Call on Third Quarter 2021 Earnings

PHILADELPHIA, July 20, 2021–Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced that it will host a conference call to review its third quarter 2021 earnings on Tuesday, August 10, 2021 at 8:30 a.m. ET. A news release containing third quarter 2021 results will be issued before the call.

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