ARB IOT GROUP LTD (ARBB) Stock Technical Analysis
NASDAQ:ARBB - Nasdaq - KYG0447T1004 - Common Stock - Currency: USD
Taking everything into account, ARBB scores 0 out of 10 in our technical rating. ARBB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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: 93% of all stocks are doing better.
ARBB is part of the IT Services industry. There are 83 other stocks in this industry, of which 79% are performing better than ARBB.
ARBB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ARBB has a been trading in the 4.42 - 5.56 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.
Warning: ARBB has an average volume of 15640 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
The technical rating of ARBB is bad and it also does not present a 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
4.57
7.44
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.83 to 4.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.37 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 | 7.05 | NEGATIVE | ARBB has a low relative strength, it was outperformed by 92.95% 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) | DOWN | NEGATIVE | The current price of ARBB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.77 | NEUTRAL | The RSI value for ARBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ARBB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.13 | OVERSOLD | The low Stochastics value suggests ARBB may be oversold. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for ARBB suggests high volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for ARBB suggests a possible start of a new 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)
4.62
-0.05 (-1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.07%
1 Week-7.78%
2 Weeks-7.6%
1 Month-16%
3 Month-50.31%
6 Month-32.68%
12 Month-10.62%
2 Year-83.32%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%6.68%
ATR Inc-34.49%
Range Today0.19
ADR(20)0.29
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.05
Mansfield-4.45
10 Day High5.49
10 Day Low4.42
20 Day High5.56
20 Day Low4.42
52 Week High18.6
52 Week Low3.22
CS1 EndN/A
CR1 Start4.83
Volume & EV
DER(3)8.99%
DER(5)-1.07%
Volume3.60K
Volume Incr-70.07%
Vol(5)6.62K
Vol(50)15.64K