Arcos Dorados Holdings Inc (ARCO): Price Now Near $5.34; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for ARCO

At the moment, ARCO (Get Ratings)’s price is down $-0.04 (-0.74%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ARCO has now gone down 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on ARCO; it is now pointing down. The moving averages on the hourly 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.

ARCO ranks 26th in terms of today’s price percentage change out of Restaraunts Hotels Motels stocks.

ARCO’s Technical Outlook on the Daily Chart

At the moment, ARCO’s price is down $-0.16 (-2.91%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as ARCO has now gone down 4 of the past 5 days. 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 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 ARCO’s price action over the past 90 days.

ARCO

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ARCO: Daily RSI Analysis

  • For ARCO, its RSI is now at 50.
  • ARCO and RSI may be exhibiting divergent trends. This may be something to monitor.

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