ARLO TECHNOLOGIES INC (ARLO) Stock Technical Analysis
USA - NYSE:ARLO - US04206A1016 - Common Stock
17.54 USD
-0.14 (-0.79%)
17.305 USD
-0.23 (-1.34%)
We assign a technical rating of 6 out of 10 to ARLO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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!
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.
In the last month ARLO has a been trading in the 16.49 - 18.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ARLO has an average volume of 1434240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ARLO did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ARLO is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, ARLO did better than 61% of them.
Considerably lower volume is observed in the last couple of days.
ARLO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.13. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ARLO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.63
18.73
3 important support areas can be observed.
- A support zone ranging from 17.30 to 17.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.47 to 16.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.72 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.13 to 18.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.54 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 | 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 | 87.22 | POSITIVE | ARLO has a high relative strength, it outperformed 87.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARLO is above 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) | 52.36 | NEUTRAL | The RSI value for ARLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ARLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.48 | NEUTRAL | The Stochastics value for ARLO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.74 | NEGATIVE | The low ADX value for ARLO suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.15 | 17.29 | 0.86 (4.74%) | 21.10% |
| An entry @18.15. This is a Buy Stop order right above the resistance zone. | An exit @17.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.86 points, which is 4.74%. | When investing 21.10% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARLO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.54
-0.14 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.79%
1 Week5.22%
2 Weeks1.68%
1 Month-2.93%
3 Month7.28%
6 Month90.45%
12 Month51.47%
2 Year106.6%
3 Year240.58%
5 Year293.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%3.49%
ATR Inc-15%
Range Today0.55
ADR(20)0.58
ADR(20)%3.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.22
Mansfield1.8
10 Day High18.04
10 Day Low16.56
20 Day High18.75
20 Day Low16.49
52 Week High19.25
52 Week Low7.84
CS1 End17.41
CR1 Start18.13
Volume & EV
DER(3)3.24%
DER(5)2.87%
Volume694.60K
Volume Incr-33.82%
Vol(5)770.38K
Vol(50)1.43M