AREN Technical Analysis - ARENA GROUP HOLDINGS INC/THE

Technical Rating and Analysis

We assign a technical rating of 4 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.

In the last month AREN has a been trading in the 4.44 - 7.13 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

When comparing the yearly performance of all stocks, we notice that AREN is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by AREN over the past year are nicely spread over this period.

AREN is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. AREN outperforms 97% of them.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

AREN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AREN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARENA GROUP HOLDINGS INC/THE / AREN Weekly stock chart

ARENA GROUP HOLDINGS INC/THE / AREN Daily stock chart

Setup Rating and Analysis

AREN has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.71

6.39

When analyzing the support we notice one important area.

Support @4.76 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 4.83 to 4.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 6.20 to 6.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for AREN is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AREN is down.
ChartMill Relative Strength	98.8	POSITIVE	AREN has a high relative strength, it outperformed 98.8% 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	POSITIVE	The current price of AREN is above the rising SMA(200).
Relative Strength Index/RSI (14)	34.85	NEUTRAL	The RSI value for AREN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests AREN has a negative trend.
Stochastics (14,3)	19.95	OVERSOLD	The low Stochastics value suggests AREN may be oversold.
Average True Range in percent/ATR (20)	9.89	HIGH VOLATILITY	The high ATR as a percentage value for AREN suggests high volalility.
Average Directional Index/ADX (14)	21.47	NEUTRAL	The ADX value for AREN suggests a possible start of a new trend.