Company Overview: ARB Corporation Limited (ASX: ARB) is engaged in the business of designing, manufacturing, and distribution of motor vehicle accessories & light engineering work.
As per the previous ‘Earnings Hunter’ Report published on ARB as on 9 November 2022, an ‘Attractive’ stance was provided on the stock at AUD 27.28 based on ‘Earnings Hunter Score’, and the stock price has moved by ~14.6% since then.
Noted below are the details of support and resistance levels provided in the previous report:

ARB’s Daily Chart

Considering the share price trading closer to resistance level, risk-reward scenario, current trading levels, and looming inflationary pressure, the stock seems ‘Unattractive’ at the current market price of AUD 31.26, as of 7 February 2023, at 11:03 AM (GMT+11) AEST.
Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.
ARB Limited is a part of Kalkine’s Earnings Hunter Report
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 7 February 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.