ARENA PHARMACEUTICALS INC (ARNA) Technical Analysis
NASDAQ:ARNA
Current stock price
ARNA Technical Rating and Analysis
Taking everything into account, ARNA scores 9 out of 10 in our technical rating. 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 one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 517 stocks in the same industry.
- ARNA is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ARNA is leading 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.
- Looking at the yearly performance, ARNA did better than 98% of all other 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.
ARNA Weekly and Daily overview Charts
ARNA Setup Rating and Analysis
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
ARNA Support and Resistance Analysis
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.
ARNA Technical Indicator Signal Analysis
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. |
ARNA Chart- and CandleStick Pattern Analysis
ARNA Technicals: Chart, Performance Metrics, Trend & Indicators
99.99
+0.06 (+0.06%)
ARENA PHARMACEUTICALS INC / ARNA TA FAQ
Can you provide the ChartMill technical rating for ARENA PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 8 / 10 to ARNA.
What is the current trend direction of ARENA PHARMACEUTICALS INC (ARNA) stock?
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.
What is the MACD signal for ARNA stock?
The MACD indicator for ARENA PHARMACEUTICALS INC (ARNA) has a value of 0.434506, indicating a bearish trend.
What is the support and resistance level for ARNA stock?
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.