American Renal Associates (ARA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARA -
Overall ARA gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ARA is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- ARA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When compared to the yearly performance of all other stocks, ARA outperforms 50% of them, which is more or less in line with the market.
- In the last month ARA has a been trading in a tight range between 11.33 and 11.52.
ARA has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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6.00
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.40 to 11.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.73 to 6.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.23 to 6.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.06 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 11.79 to 11.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ARA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARA is neutral. |
| ChartMill Relative Strength | 50.97 | NEUTRAL | ARA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.8 | OVERBOUGHT | The high RSI value suggests ARA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ARA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.81 | OVERBOUGHT | The high Stochastics value suggests ARA may be overbought. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for ARA suggests low volalility. |
NYSE:ARA (1/25/2021, 8:04:00 PM)
11.52
+0.02 (+0.17%)
American Renal Associates / ARA FAQ
What is the ChartMill technical rating of American Renal Associates (ARA) stock?
ChartMill assigns a technical rating of 6 / 10 to ARA.
Can you provide the trend direction for American Renal Associates?
The current trend direction for American Renal Associates (ARA) is Bullish.
What is the RSI signal for American Renal Associates (ARA) stock?
American Renal Associates (ARA) has an RSI value of 71.7985. This indicates that the stock is currently overbought.
Can you provide the MACD signal for American Renal Associates?
The MACD indicator for American Renal Associates (ARA) has a value of -0.00040835, indicating a bearish trend.
What are the support and resistance levels for American Renal Associates (ARA) stock?
American Renal Associates (ARA) has a support level at 11.5 and a resistance level at 11.53. Check the full technical report for our detailed analysis of ARA support and resistance levels.