ARCHROCK INC (AROC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AROC - US03957W1062 - Common Stock
Overall AROC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AROC is only an average performer.
AROC has an excellent technical rating and 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 resistance zone just above the current price starting at 26.41. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
21.57
When analyzing the support we can see 5 important areas.
- A support zone ranging from 24.70 to 24.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.59 from a trend line in the weekly time frame.
- Support @23.19 from a trend line in the daily time frame.
- Support @22.65 from a horizontal line in the daily time frame.
- A support zone ranging from 21.79 to 22.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.41 to 26.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.31 from a horizontal line in the daily 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 AROC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AROC is up. |
| ChartMill Relative Strength | 55.66 | NEUTRAL | AROC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AROC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AROC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AROC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.01 | NEUTRAL | The RSI value for AROC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AROC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.86 | NEUTRAL | The Stochastics value for AROC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for AROC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for AROC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 25.62 | 24.69 | 0.93 (3.65%) | 25.00% |
| An entry @25.62. This is a Buy Stop order right above the 10 day moving average. | An exit @24.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.93 points, which is 3.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The distance between exit and entry is rather small compared to the average daily movement of AROC. 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.
25.34
+0.14 (+0.56%)
ARCHROCK INC / AROC FAQ
What is the technical rating for AROC stock?
ChartMill assigns a technical rating of 8 / 10 to AROC.
What is the trend direction for AROC stock?
The current trend direction for ARCHROCK INC (AROC) is Bullish.
What is the RSI signal for AROC stock?
ARCHROCK INC (AROC) has an RSI value of 54.0075. This indicates that the stock is currently neutral.
What is the short term momentum for ARCHROCK INC (AROC) stock?
The short term momentum for ARCHROCK INC (AROC) is positive.
What is the support and resistance level for AROC stock?
ARCHROCK INC (AROC) has a support level at 24.92 and a resistance level at 26.41. Check the full technical report for our detailed analysis of AROC support and resistance levels.