ARENA PHARMACEUTICALS INC (ARNA) Stock Technical Analysis
USA - NASDAQ:ARNA - Common Stock
Overall ARNA gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ARNA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although ARNA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
46.79
We found 5 important support areas.
- A support zone ranging from 93.13 to 95.88. 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 89.10 to 90.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.89 from a trend line in the daily time frame.
- Support @52.02 from a trend line in the weekly time frame.
- Support @47.26 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 ARNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARNA is up. |
| ChartMill Relative Strength | 98.23 | POSITIVE | ARNA has a high relative strength, it outperformed 98.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.91 | OVERBOUGHT | The high RSI value suggests ARNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests ARNA has a positive trend. |
| Stochastics (14,3) | 99.24 | OVERBOUGHT | The high Stochastics value suggests ARNA may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for ARNA suggests low volalility. |
99.99
+0.06 (+0.06%)
ARENA PHARMACEUTICALS INC / ARNA FAQ
Can you provide the ChartMill technical rating for ARENA PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 8 / 10 to ARNA.
Can you provide the trend direction for ARENA PHARMACEUTICALS INC?
The current trend direction for ARENA PHARMACEUTICALS INC (ARNA) is Bullish.
What is the RSI signal for ARENA PHARMACEUTICALS INC (ARNA) stock?
ARENA PHARMACEUTICALS INC (ARNA) has an RSI value of 78.9139. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ARENA PHARMACEUTICALS INC?
The MACD indicator for ARENA PHARMACEUTICALS INC (ARNA) has a value of 0.434506, indicating a bearish trend.
Can you provide the support and resistance levels for ARENA PHARMACEUTICALS INC?
ARENA PHARMACEUTICALS INC (ARNA) has a support level at 95.88. Check the full technical report for our detailed analysis of ARNA support and resistance levels.