ARB IOT GROUP LTD (ARBB) Stock Technical Analysis
NASDAQ:ARBB - Nasdaq - KYG0447T1004 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ARBB. ARBB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ARBB is a bad performer in the overall market: 95% of all stocks are doing better.
ARBB is one of the lesser performing stocks in the IT Services industry. 85% of 81 stocks in the same industry do better.
ARBB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ARBB has a been trading in the 5.38 - 7.46 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
ARBB has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
5.72
7.43
We found 2 important support areas.
- A support zone ranging from 5.99 to 6.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.78 to 5.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.58 to 6.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.36 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ARBB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARBB is down. |
| ChartMill Relative Strength | 5.74 | NEGATIVE | ARBB has a low relative strength, it was outperformed by 94.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARBB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARBB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARBB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.44 | NEUTRAL | The RSI value for ARBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ARBB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.9 | NEUTRAL | The Stochastics value for ARBB is a neutral value. |
| Average True Range in percent/ATR (20) | 9.71 | HIGH VOLATILITY | The high ATR as a percentage value for ARBB suggests high volalility. |
| Average Directional Index/ADX (14) | 19.51 | NEGATIVE | The low ADX value for ARBB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.1999
-0.25 (-3.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.88%
1 Week-13.41%
2 Weeks-7.19%
1 Month-8.56%
3 Month-39.2%
6 Month-23.53%
12 Month-24.88%
2 Year-84.34%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%9.71%
ATR Inc22.74%
Range Today0.95
ADR(20)0.6
ADR(20)%9.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.74
Mansfield-2.47
10 Day High7.46
10 Day Low5.5
20 Day High7.46
20 Day Low5.38
52 Week High18.6
52 Week Low3.22
CS1 End6.54
CR1 Start6.84
Volume & EV
DER(3)-9.95%
DER(5)-13.93%
Volume37.50K
Volume Incr-83.68%
Vol(5)12.36K
Vol(50)125.70K