ARRIVE AI INC (ARAI) Stock Technical Analysis
NASDAQ:ARAI - Nasdaq - US04272H2040 - Common Stock - Currency: USD
Overall ARAI gets a technical rating of 4 out of 10. In the last year, ARAI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ARAI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for ARAI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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8.68
2 important support areas can be observed.
- A support zone ranging from 9.43 to 9.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.49 from a horizontal line 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 ARAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARAI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ARAI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARAI is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for ARAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ARAI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.41 | NEUTRAL | The Stochastics value for ARAI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.95 | HIGH VOLATILITY | The high ATR as a percentage value for ARAI suggests high volalility. |
| Average Directional Index/ADX (14) | 37.28 | POSITIVE | The high ADX value value for ARAI suggests a strong trend. |
10.25
+0.43 (+4.38%)