ARENA PHARMACEUTICALS INC (ARNA) Stock Technical Analysis
NASDAQ:ARNA - Nasdaq - Common Stock
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 97% of 562 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 overall good ranking is mostly due to the recent strong 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
5 important support areas can be observed.
- 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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)0.43
RSI(14)78.91
LBB90.71
UBB99.84
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