ARCHROCK INC (AROC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AROC • US03957W1062
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 is one of the lesser performing stocks in the Energy Equipment & Services industry. 63% of 61 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by AROC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month AROC has a been trading in the 25.16 - 29.50 range, which is quite wide. It is currently trading near the high of this range.
- AROC has an average volume of 1494750 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.
Although AROC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.42
4 important support areas can be observed.
- A support zone ranging from 26.18 to 26.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.20 to 25.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.67 to 24.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.65 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 | 66.96 | 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) | 75.53 | OVERBOUGHT | The high RSI value suggests AROC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests AROC has a positive trend. |
| Stochastics (14,3) | 90.93 | OVERBOUGHT | The high Stochastics value suggests AROC may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for AROC suggests some volalility. |
| Average Directional Index/ADX (14) | 32.07 | POSITIVE | The high ADX value value for AROC suggests a strong trend. |
29.17
+0.8 (+2.82%)
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 current trend direction of ARCHROCK INC (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 75.532. This indicates that the stock is currently overbought.
What is the buy/sell signal for AROC stock?
The buy/sell signal for ARCHROCK INC (AROC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ARCHROCK INC (AROC) stock?
ARCHROCK INC (AROC) has a support level at 26.28. Check the full technical report for our detailed analysis of AROC support and resistance levels.