ARLO TECHNOLOGIES INC (ARLO) Stock Technical Analysis
NYSE:ARLO - New York Stock Exchange, Inc. - US04206A1016 - Common Stock - Currency: USD
Overall ARLO gets a technical rating of 7 out of 10. In the last year, ARLO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ARLO has a been trading in the 15.66 - 17.98 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ARLO 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 ARLO is lagging the market slightly.
ARLO has an average volume of 1125000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ARLO is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ARLO is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, ARLO did better than 69% of them.
Although ARLO has an excellent technical rating, the quality of the presented setup is not ideal 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
17.78
When analyzing the support we notice one important area.
- Support @8.72 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.34 to 17.60. This zone is formed by a combination of multiple trend lines 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 ARLO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARLO is neutral. |
| ChartMill Relative Strength | 88.9 | POSITIVE | ARLO has a high relative strength, it outperformed 88.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARLO is below a declining 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) | 44.35 | NEUTRAL | The RSI value for ARLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests ARLO has a negative trend. |
| Stochastics (14,3) | 6.42 | OVERSOLD | The low Stochastics value suggests ARLO may be oversold. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLO suggests some volalility. |
| Average Directional Index/ADX (14) | 40.14 | 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)
15.72
-0.57 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-3.5%
1 Week-10.68%
2 Weeks-9.45%
1 Month-7.64%
3 Month77.03%
6 Month37.05%
12 Month-2.12%
2 Year38.38%
3 Year123.61%
5 Year272.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%3.94%
ATR Inc-14.69%
Range Today0.68
ADR(20)0.61
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.9
Mansfield1.83
10 Day High17.98
10 Day Low15.66
20 Day High17.98
20 Day Low15.66
52 Week High17.98
52 Week Low7.84
CS1 End8.72
CR1 Start17.34
Volume & EV
DER(3)-2.14%
DER(5)-2.5%
Volume866.70K
Volume Incr-27.69%
Vol(5)1.09M
Vol(50)1.13M