Taking everything into account, AREN scores 2 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.
Although the technical rating is bad, AREN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.25. Right above this resistance zone may be a good entry point.
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3.95
When analyzing the support we notice one important area.
- Support @3.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.25 to 4.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.40 to 4.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.33 from a trend line in the weekly 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 AREN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AREN is down. |
| ChartMill Relative Strength | 97.4 | POSITIVE | AREN has a high relative strength, it outperformed 97.4% 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) | UP | MIXED | The current price of AREN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.25 | NEUTRAL | The RSI value for AREN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AREN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.67 | NEUTRAL | The Stochastics value for AREN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.43 | HIGH VOLATILITY | The high ATR as a percentage value for AREN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.62 | NEGATIVE | The low ADX value for AREN suggests a weak or negative trend. |
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-0.03 (-0.74%)
ARENA GROUP HOLDINGS INC/THE / AREN FAQ
What is the technical rating for AREN stock?
ChartMill assigns a technical rating of 2 / 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 45.252. 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 support level at 3.99 and a resistance level at 4.25. Check the full technical report for our detailed analysis of AREN support and resistance levels.