Arcbest Corp (ARCB): Price Now Near $67.49; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for ARCB

At the time of this writing, ARCB (Get Ratings)’s price is down $-0.58 (-0.85%) from the hour prior. This is the 2nd hour in a row ARCB has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20, 200 and 50 hour moving averages have been crossed, with price now being below them. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Transportation stocks, ARCB ranks 111th in regards to today’s price percentage change.

ARCB’s Technical Outlook on the Daily Chart

At the moment, ARCB’s price is down $-1.21 (-1.75%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Of note is that the 20 day changed directions on ARCB; it is now pointing down. 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. The chart below shows ARCB’s price action over the past 90 days.



ARCB: Daily RSI Analysis

  • For ARCB, its RSI is now at 71.242.
  • ARCB and RSI may be exhibiting divergent trends. This may be something to monitor.

For ARCB News Traders

News traders keeping an eye on ARCB may find value in this recent story:

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