ARB IOT GROUP LTD (ARBB) Stock Technical Analysis
USA - NASDAQ:ARBB - KYG0447T1186 - Common Stock
8.39 USD
+0.59 (+7.56%)
8.28 USD
-0.11 (-1.31%)
Overall ARBB gets a technical rating of 7 out of 10. In the past year, ARBB was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Looking at the yearly performance, ARBB did better than 93% of all other stocks.
ARBB is one of the better performing stocks in the IT Services industry, it outperforms 88% of 87 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ARBB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARBB is lagging the market.
In the last month ARBB has a been trading in the 4.55 - 13.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although ARBB has an excellent technical rating, it does not present a decent entry opportunity 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
4.17
11.96
We found 3 important support areas.
- A support zone ranging from 7.79 to 7.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.16 from a trend line in the daily time frame.
- Support @4.21 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @8.40 from a horizontal line in the weekly time frame.
- Resistance @11.84 from a trend 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 | 93.07 | POSITIVE | ARBB has a high relative strength, it outperformed 93.07% 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) | UP | POSITIVE | The current price of ARBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.77 | NEUTRAL | The RSI value for ARBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ARBB has a negative trend. |
| Stochastics (14,3) | 25.62 | NEUTRAL | The Stochastics value for ARBB is a neutral value. |
| Average True Range in percent/ATR (20) | 16.83 | HIGH VOLATILITY | The high ATR as a percentage value for ARBB suggests high volalility. |
| Average Directional Index/ADX (14) | 35.03 | 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)
8.39
+0.59 (+7.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg7.56%
1 Week-24.78%
2 Weeks64.21%
1 Month65.61%
3 Month28.71%
6 Month-23.51%
12 Month96.23%
2 Year-53.15%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.77
ATR(20)%16.83%
ATR Inc-26.93%
Range Today1.1
ADR(20)1.17
ADR(20)%14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.07
Mansfield-1.07
10 Day High13.89
10 Day Low4.89
20 Day High13.89
20 Day Low4.55
52 Week High18.6
52 Week Low3.62
CS1 End5.16
CR1 Start8.4
Volume & EV
DER(3)0.07%
DER(5)-5.85%
Volume74.45K
Volume Incr-91.63%
Vol(5)79.66K
Vol(50)398.06K