ARENA GROUP HOLDINGS INC/THE (AREN) Stock Technical Analysis
NYSEARCA:AREN - NYSE Arca - US0400441095 - Common Stock - Currency: USD
Taking everything into account, AREN scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month AREN has a been trading in the 3.86 - 10.05 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, AREN did better than 99% of all other stocks.
AREN is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 98% of 71 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
AREN is currently trading in the middle 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 slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AREN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for AREN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.70
5.87
2 important support areas can be observed.
- A support zone ranging from 4.83 to 4.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.75 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @5.81 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 | UP | POSITIVE | The long term trend for AREN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AREN is down. |
| ChartMill Relative Strength | 99.61 | POSITIVE | AREN has a high relative strength, it outperformed 99.61% 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) | UP | POSITIVE | The current price of AREN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AREN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.51 | NEUTRAL | The RSI value for AREN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests AREN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.78 | NEUTRAL | The Stochastics value for AREN is a neutral value. |
| Average True Range in percent/ATR (20) | 20.56 | HIGH VOLATILITY | The high ATR as a percentage value for AREN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.65 | NEUTRAL | The ADX value for AREN 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.82 | 4.82 | 1.00 (17.18%) | 5.82% |
| An entry @5.82. This is a Buy Stop order right above the resistance zone. | An exit @4.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.00 points, which is 17.18%. | For a 1.00% total portfolio risk, you can invest 5.82% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AREN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.17
+0.41 (+8.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg8.61%
1 Week-7.18%
2 Weeks21.08%
1 Month-22.95%
3 Month242.38%
6 Month209.58%
12 Month501.16%
2 Year12.88%
3 Year-42.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%20.56%
ATR Inc-54.64%
Range Today0.64
ADR(20)1.06
ADR(20)%20.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.61
Mansfield15.62
10 Day High6.92
10 Day Low3.86
20 Day High10.05
20 Day Low3.86
52 Week High10.05
52 Week Low0.56
CS1 End4.85
CR1 Start5.81
Volume & EV
DER(3)8.33%
DER(5)3.2%
Volume191.10K
Volume Incr-57.54%
Vol(5)159.58K
Vol(50)283.46K