ARLO TECHNOLOGIES INC (ARLO) Stock Technical Analysis
NYSE:ARLO - New York Stock Exchange, Inc. - US04206A1016 - Common Stock - Currency: USD
Taking everything into account, ARLO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARLO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ARLO is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. ARLO outperforms 76% of them.
ARLO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ARLO has a been trading in the 13.26 - 17.59 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ARLO is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although ARLO has an excellent technical rating, it does not present a decent entry opportunity 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
8.63
16.96
2 important support areas can be observed.
- Support @15.29 from a trend line in the daily time frame.
- Support @8.72 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @16.79 from a horizontal 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 | UP | POSITIVE | The long term trend for ARLO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARLO is up. |
| ChartMill Relative Strength | 93.18 | POSITIVE | ARLO has a high relative strength, it outperformed 93.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARLO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARLO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARLO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.62 | OVERBOUGHT | The high RSI value suggests ARLO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ARLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.45 | OVERBOUGHT | The high Stochastics value suggests ARLO may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLO suggests some volalility. |
| Average Directional Index/ADX (14) | 57.73 | POSITIVE | The high ADX value value for ARLO 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)
16.77
-0.25 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.47%
1 Week3.45%
2 Weeks21.96%
1 Month22.05%
3 Month57.76%
6 Month35.35%
12 Month30.81%
2 Year53.71%
3 Year167.46%
5 Year550%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%3.06%
ATR Inc-27.27%
Range Today0.37
ADR(20)0.5
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.18
Mansfield3.15
10 Day High17.59
10 Day Low13.57
20 Day High17.59
20 Day Low13.26
52 Week High17.64
52 Week Low7.84
CS1 End15.29
CR1 Start16.79
Volume & EV
DER(3)2.29%
DER(5)1.37%
Volume718.80K
Volume Incr23.39%
Vol(5)1.18M
Vol(50)880.33K