ARENA GROUP HOLDINGS INC/THE (AREN) Technical Analysis
NYSEARCA:AREN • US0400441095
Current stock price
AREN Technical Rating and Analysis
Taking everything into account, AREN scores 3 out of 10 in our technical rating. Although AREN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- AREN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AREN is lagging the market.
- AREN is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 85% of 69 stocks in the same industry.
- Looking at the yearly performance, AREN did better than 82% of all other stocks. We also observe that the gains produced by AREN over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
- In the last month AREN has a been trading in the 2.15 - 3.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
AREN Weekly and Daily overview Charts
AREN Setup Rating and Analysis
The technical rating of AREN 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
AREN Support and Resistance Analysis
2.70
We can see 4 important resistance areas.
- A resistance zone ranging from 2.90 to 2.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.01 from a trend line in the daily time frame.
- Resistance @3.08 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.13 to 3.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
AREN 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 | DOWN | NEGATIVE | The long term trend for AREN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AREN is down. |
| ChartMill Relative Strength | 82.61 | POSITIVE | AREN has a high relative strength, it outperformed 82.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AREN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AREN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AREN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.14 | NEUTRAL | The RSI value for AREN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AREN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.24 | NEUTRAL | The Stochastics value for AREN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.96 | HIGH VOLATILITY | The high ATR as a percentage value for AREN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.51 | POSITIVE | The high ADX value value for AREN suggests a strong trend. |
AREN Chart- and CandleStick Pattern Analysis
AREN Technicals: Chart, Performance Metrics, Trend & Indicators
2.73
+0.18 (+7.06%)
ARENA GROUP HOLDINGS INC/THE / AREN TA FAQ
What is the technical rating for AREN stock?
ChartMill assigns a technical rating of 3 / 10 to AREN.
What is the current trend direction of ARENA GROUP HOLDINGS INC/THE (AREN) stock?
The current trend direction for ARENA GROUP HOLDINGS INC/THE (AREN) is Bearish.
What is the RSI signal for ARENA GROUP HOLDINGS INC/THE (AREN) stock?
ARENA GROUP HOLDINGS INC/THE (AREN) has an RSI value of 43.1436. This indicates that the stock is currently neutral.
What is the buy/sell signal for AREN stock?
The buy/sell signal for ARENA GROUP HOLDINGS INC/THE (AREN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ARENA GROUP HOLDINGS INC/THE?
ARENA GROUP HOLDINGS INC/THE (AREN) has a resistance level at 2.9. Check the full technical report for our detailed analysis of AREN support and resistance levels.