ARM Holdings volatility flat; shares near record high ARM Holdings overall option implied volatility of 32 is near its 26-week average of 34 according to Track Data, suggesting non-directional price movement.
ARM Holdings technical comments ahead of earnings There is a potential bearish wedge on the daily chart that will either trigger following earnings news or fail depending on price direction. A move below $47.25 on bearish news would see the pattern become active. Downside potential for that pattern would be to the $41 to $40 area. If the news is instead a bullish surprise, any sustained move above $49.25 would void the pattern. Next resistance levels to watch as potential upside objectives would be at $50.66, $52.34, and $54.82. which is the 52-week high. The $55 area has been significant overhead resistance for the shares for the past two years. A move above that area would mark a new bullish leg up. If the outcome is bearish it should be noted that the $40 area when viewed on a long-term chart would mark the potential beginning of a double top.