We assign a technical rating of 3 out of 10 to ARBB. ARBB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ARBB has a bad technical rating, but it does show a decent setup pattern. 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 ARBB 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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4.23
When analyzing the support we can see 4 important areas.
- Support @5.66 from a trend line in the daily time frame.
- Support @5.38 from a horizontal line in the weekly time frame.
- Support @5.21 from a horizontal line in the daily time frame.
- Support @4.27 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @6.48 from a trend line in the daily time frame.
- Resistance @10.96 from a trend line in the daily time frame.
- Resistance @11.67 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 | 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 | 62.3 | NEUTRAL | ARBB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARBB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARBB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARBB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.82 | NEUTRAL | The RSI value for ARBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ARBB has a positive trend. |
| Stochastics (14,3) | 24.5 | NEUTRAL | The Stochastics value for ARBB is a neutral value. |
| Average True Range in percent/ATR (20) | 10.1 | HIGH VOLATILITY | The high ATR as a percentage value for ARBB suggests high volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for ARBB suggests a possible start of a new trend. |
5.83
+0.2 (+3.55%)
ARB IOT GROUP LTD / ARBB FAQ
What is the technical rating for ARBB stock?
ChartMill assigns a technical rating of 3 / 10 to ARBB.
What is the trend direction for ARBB stock?
The current trend direction for ARB IOT GROUP LTD (ARBB) is Bearish.
What is the RSI signal for ARB IOT GROUP LTD (ARBB) stock?
ARB IOT GROUP LTD (ARBB) has an RSI value of 48.8203. This indicates that the stock is currently neutral.
What is the MACD signal for ARB IOT GROUP LTD (ARBB) stock?
The MACD indicator for ARB IOT GROUP LTD (ARBB) has a value of 0.0154501, indicating a bearish trend.
What is the short term momentum for ARBB stock?
The short term momentum for ARB IOT GROUP LTD (ARBB) is negative.