ARENA GROUP HOLDINGS INC/THE (AREN) Stock Technical Analysis
NYSEARCA:AREN • US0400441095
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- AREN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month AREN has a been trading in the 2.99 - 4.45 range, which is quite wide. It is currently trading near the lows of this range.
- AREN is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 89% of 69 stocks in the same industry.
- Looking at the yearly performance, AREN did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- Considerably lower volume is observed in the last couple of days.
The technical rating of AREN is bad and it also does not present a 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.
More info and screens
2.97
2 important resistance areas can be observed.
- A resistance zone ranging from 3.69 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.46 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 | 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 | 90.16 | POSITIVE | AREN has a high relative strength, it outperformed 90.16% 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) | DOWN | NEGATIVE | The current price of AREN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.18 | OVERSOLD | The low RSI value suggests AREN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests AREN has a negative trend. |
| Stochastics (14,3) | 7.53 | OVERSOLD | The low Stochastics value suggests AREN may be oversold. |
| Average True Range in percent/ATR (20) | 7.33 | HIGH VOLATILITY | The high ATR as a percentage value for AREN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for AREN suggests a possible start of a new trend. |
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-0.17 (-5.36%)
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 27.1836. This indicates that the stock is currently oversold.
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 resistance level at 3.69. Check the full technical report for our detailed analysis of AREN support and resistance levels.