ARBE Technical Analysis - ARBE ROBOTICS LTD

Technical Rating and Analysis

Taking everything into account, ARBE scores 6 out of 10 in our technical rating. In the last year, ARBE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, ARBE is a bad performer in the overall market: 82% of all stocks are doing better.

ARBE is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 73% are performing better than ARBE.

ARBE 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.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

ARBE has an average volume of 2501470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month ARBE has a been trading in the 1.21 - 2.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARBE ROBOTICS LTD / ARBE Weekly stock chart

ARBE ROBOTICS LTD / ARBE Daily stock chart

Setup Rating and Analysis

ARBE 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.27

1.81

When analyzing the support we notice one important area.

Support @1.28 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @1.79 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 ARBE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ARBE is up.
ChartMill Relative Strength	18.35	NEGATIVE	ARBE has a low relative strength, it was outperformed by 81.65% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ARBE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ARBE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ARBE is above a declining SMA(200).
Relative Strength Index/RSI (14)	61.7	NEUTRAL	The RSI value for ARBE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests ARBE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	55.46	NEUTRAL	The Stochastics value for ARBE is a neutral value.
Average True Range in percent/ATR (20)	8.42	HIGH VOLATILITY	The high ATR as a percentage value for ARBE suggests high volalility.
Average Directional Index/ADX (14)	33.07	POSITIVE	The high ADX value value for ARBE suggests a strong trend.