ARCHROCK INC (AROC) Stock Technical Analysis
USA - NYSE:AROC - US03957W1062 - Common Stock
24.4 USD
-0.41 (-1.65%)
24.4 USD
0 (0%)
We assign a technical rating of 5 out of 10 to AROC. AROC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AROC is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 76% of 61 stocks in the same industry.
In the last month AROC has a been trading in the 23.61 - 25.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AROC has an average volume of 1547060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AROC turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
AROC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AROC is lagging the market.
Although the technical rating is only medium, AROC does present a nice setup opportunity. 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 25.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.38, a Stop Loss order could be placed below this zone.
More info and screens
21.57
26.03
We found 4 important support areas.
- A support zone ranging from 23.84 to 24.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.92 from a trend line in the weekly time frame.
- Support @22.33 from a trend line in the daily time frame.
- Support @21.79 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.22 to 25.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AROC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AROC is up. |
| ChartMill Relative Strength | 66.88 | NEUTRAL | AROC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AROC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AROC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AROC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.3 | NEUTRAL | The RSI value for AROC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests AROC has a negative trend. |
| Stochastics (14,3) | 43.99 | NEUTRAL | The Stochastics value for AROC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for AROC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.88 | NEGATIVE | The low ADX value for AROC suggests a weak or negative trend. |
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)
24.4
-0.41 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.65%
1 Week-3.37%
2 Weeks-1.69%
1 Month1.96%
3 Month-1.69%
6 Month-2.24%
12 Month25.97%
2 Year93.65%
3 Year280.06%
5 Year353.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%2.57%
ATR Inc-38.9%
Range Today0.5
ADR(20)0.61
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.88
Mansfield-1.03
10 Day High25.61
10 Day Low24.01
20 Day High25.61
20 Day Low23.61
52 Week High30.44
52 Week Low19.35
CS1 End24.38
CR1 Start25.22
Volume & EV
DER(3)1.83%
DER(5)0.36%
Volume1.15M
Volume Incr18.91%
Vol(5)1.65M
Vol(50)1.55M