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 9 out of 10. 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 currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that ARLO is one of the better performing stocks in the market, outperforming 83% 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 68% of them.
ARLO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARLO is lagging the market slightly.
Besides having an excellent technical rating, ARLO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.56, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.63
14.53
We found 2 important support areas.
- A support zone ranging from 13.29 to 13.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.72 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.55 to 13.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.39 to 14.39. 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 | UP | POSITIVE | The short term trend for ARLO is up. |
| ChartMill Relative Strength | 83.83 | POSITIVE | ARLO has a high relative strength, it outperformed 83.83% 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) | DOWN | MIXED | The current price of ARLO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.13 | OVERBOUGHT | The high RSI value suggests ARLO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ARLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.14 | OVERBOUGHT | The high Stochastics value suggests ARLO may be overbought. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLO suggests some volalility. |
| Average Directional Index/ADX (14) | 39.39 | 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)
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 |
|---|---|---|---|
| 13.62 | 13.51 | 0.11 (0.78%) | 25.00% |
| An entry @13.62. This is a Buy Stop order right above the 10 day moving average. | An exit @13.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 0.78%. | For a 0.19% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
13.3
-0.27 (-1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.99%
1 Week-2.99%
2 Weeks7%
1 Month34.07%
3 Month15.95%
6 Month10.56%
12 Month7.34%
2 Year37.54%
3 Year87.85%
5 Year501.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%3.76%
ATR Inc-58.89%
Range Today0.21
ADR(20)0.44
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.83
Mansfield0.92
10 Day High13.93
10 Day Low12.26
20 Day High13.93
20 Day Low9.4
52 Week High17.64
52 Week Low7.84
CS1 End13.56
CR1 Start14.39
Volume & EV
DER(3)-0.4%
DER(5)-0.95%
Volume481.62K
Volume Incr-32.76%
Vol(5)514.76K
Vol(50)839.45K