Arco Platform Ltd (ARCE): Price Now Near $18.55; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for ARCE

At the time of this writing, ARCE (Get Ratings)’s price is up $0.59 (3.29%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 and 50 hour moving averages have been crossed, so that price is now turning above 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 Personal Services stocks, ARCE ranks 4th in regards to today’s price percentage change.

ARCE’s Technical Outlook on the Daily Chart

At the time of this writing, ARCE’s price is up $0.59 (3.29%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily 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. The chart below shows ARCE’s price action over the past 90 days.

ARCE

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ARCE: Daily RSI Analysis

  • ARCE’s RSI now stands at 42.446.
  • Note: ARCE and RSI appear to be diverging in terms of their respective trends, with ARCE rising at a slower rate than RSI.

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