ARENA PHARMACEUTICALS INC (ARNA) Stock Technical Analysis
NASDAQ:ARNA - Nasdaq - Common Stock
Overall ARNA 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, ARNA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ARNA is part of the Biotechnology industry. There are 557 other stocks in this industry. ARNA outperforms 96% of them.
ARNA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ARNA has a been trading in the 92.85 - 100.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ARNA has an average volume of 1531500 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 ARNA is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ARNA has an excellent technical rating, it does not offer a high quality setup 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
100.99
When analyzing the support we can see 5 important 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. |
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)
99.99
+0.06 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.06%
1 Week6.34%
2 Weeks6.26%
1 Month7.01%
3 Month100.22%
6 Month68.36%
12 Month29.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%1.01%
ATR Inc-36.3%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.23
Mansfield4.77
10 Day High100
10 Day Low93.54
20 Day High100
20 Day Low92.85
52 Week High100
52 Week Low45.5
CS1 End95.88
CR1 StartN/A
Volume & EV
DER(3)2.9%
DER(5)1.62%
Volume5.72M
Volume Incr311.39%
Vol(5)4.01M
Vol(50)1.53M