7.24 USD
+1.41 (+24.19%)
7.5985 USD
+0.36 (+4.95%)
Overall ARBB gets a technical rating of 5 out of 10. In the last year, ARBB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
ARBB is part of the IT Services industry. There are 85 other stocks in this industry. ARBB outperforms 83% of them.
In the last month ARBB has a been trading in the 5.51 - 7.40 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that ARBB is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ARBB has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
4.25
11.79
We found 5 important support areas.
- A support zone ranging from 7.18 to 7.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.20 to 6.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.85 from a trend line in the daily time frame.
- Support @5.50 from a horizontal line in the daily time frame.
- Support @4.29 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.25 to 7.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.73 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 | NEUTRAL | NEUTRAL | The long term trend for ARBB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARBB is neutral. |
| ChartMill Relative Strength | 88.07 | POSITIVE | ARBB has a high relative strength, it outperformed 88.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ARBB is above 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) | 60.26 | NEUTRAL | The RSI value for ARBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ARBB has a positive trend. |
| Stochastics (14,3) | 47.08 | NEUTRAL | The Stochastics value for ARBB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.69 | HIGH VOLATILITY | The high ATR as a percentage value for ARBB suggests high volalility. |
| Average Directional Index/ADX (14) | 31.78 | POSITIVE | The high ADX value value for ARBB suggests a strong 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)
7.24
+1.41 (+24.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg24.19%
1 Week20.27%
2 Weeks24.19%
1 Month6%
3 Month55.36%
6 Month6.47%
12 Month0.56%
2 Year-81.07%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%7.69%
ATR Inc130.13%
Range Today1.55
ADR(20)0.54
ADR(20)%7.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.07
3 months CRS96.45
6 months CRS51.89
Mansfield-1.39
10 Day High7.4
10 Day Low5.6
20 Day High7.4
20 Day Low5.51
52 Week High18.6
52 Week Low3.92
CS1 End7.23
CR1 Start7.25
Volume & EV
DER(3)-18.6%
DER(5)-15.38%
Volume195.60K
Volume Incr11.07%
Vol(5)53.80K
Vol(50)114.54K
ARB IOT GROUP LTD / ARBB FAQ
What is the technical rating for ARBB stock?
ChartMill assigns a technical rating of 5 / 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 60.2586. 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 0.087009, indicating a bearish trend.
What is the short term momentum for ARBB stock?
The short term momentum for ARB IOT GROUP LTD (ARBB) is neutral.