ARENA GROUP HOLDINGS INC/THE (AREN) Stock Technical Analysis
NYSEARCA:AREN - NYSE Arca - US0400441095 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to AREN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AREN is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that AREN is one of the better performing stocks in the market, outperforming 99% of all stocks.
AREN is part of the Interactive Media & Services industry. There are 70 other stocks in this industry. AREN outperforms 100% of them.
AREN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AREN is lagging the market slightly.
AREN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, AREN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 6.86, a Stop Loss order could be placed below this zone.
More info and screens
5.77
7.31
When analyzing the support we can see 5 important areas.
- Support @7.08 from a horizontal line in the daily time frame.
- A support zone ranging from 6.83 to 6.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.68 from a horizontal line in the daily time frame.
- Support @6.17 from a trend line in the daily time frame.
- A support zone ranging from 5.83 to 5.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for AREN is neutral. |
| ChartMill Relative Strength | 99.5 | POSITIVE | AREN has a high relative strength, it outperformed 99.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AREN is above the rising 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) | 57.31 | 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) | 57.12 | NEUTRAL | The Stochastics value for AREN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.27 | HIGH VOLATILITY | The high ATR as a percentage value for AREN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.9 | POSITIVE | The high ADX value value for AREN suggests a strong 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)
7.24
+0.37 (+5.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg5.39%
1 Week1.78%
2 Weeks3.93%
1 Month31.11%
3 Month-12.71%
6 Month373.79%
12 Month791.28%
2 Year68.8%
3 Year-34.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%9.27%
ATR Inc162.6%
Range Today0.66
ADR(20)0.63
ADR(20)%8.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.5
Mansfield12.07
10 Day High7.85
10 Day Low6
20 Day High7.85
20 Day Low5.25
52 Week High10.05
52 Week Low0.56
CS1 End6.86
CR1 Start7.08
Volume & EV
DER(3)-2.38%
DER(5)-0.31%
Volume589.26K
Volume Incr116.52%
Vol(5)368.42K
Vol(50)245.78K