We assign a technical rating of 2 out of 10 to AREN. 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.
AREN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.07, a Stop Loss order could be placed below this zone.
More info and screens
3.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.04 to 4.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.94 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.30 to 4.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.43 to 4.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.25 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 | NEUTRAL | NEUTRAL | The short term trend for AREN is neutral. |
| ChartMill Relative Strength | 97.38 | POSITIVE | AREN has a high relative strength, it outperformed 97.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AREN is above 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) | 49.62 | NEUTRAL | The RSI value for AREN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AREN has a positive trend. |
| Stochastics (14,3) | 45.1 | NEUTRAL | The Stochastics value for AREN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for AREN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.99 | NEGATIVE | The low ADX value for AREN suggests a weak or negative trend. |
4.11
+0.06 (+1.48%)
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 49.6159. This indicates that the stock is currently neutral.
What is the support and resistance level for AREN stock?
ARENA GROUP HOLDINGS INC/THE (AREN) has a support level at 4.07 and a resistance level at 4.3. Check the full technical report for our detailed analysis of AREN support and resistance levels.