ARCHROCK INC (AROC) Technical Analysis
NYSE:AROC • US03957W1062
Current stock price
AROC Technical Rating and Analysis
Taking everything into account, AROC scores 10 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, AROC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, AROC did better than 87% of all other stocks.
- AROC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- AROC has an average volume of 1733230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AROC is an average performer in the Energy Equipment & Services industry, it outperforms 46% of 61 stocks in the same industry.
- In the last month AROC has a been trading in the 33.55 - 37.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AROC Weekly and Daily overview Charts
AROC Setup Rating and Analysis
AROC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 37.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.71, a Stop Loss order could be placed below this zone.
More info and screens
AROC Support and Resistance Analysis
22.42
We found 6 important support areas.
- A support zone ranging from 35.55 to 35.71. 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 34.12 to 34.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.20 from a horizontal line in the daily time frame.
- A support zone ranging from 24.38 to 24.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.98 from a trend line in the weekly time frame.
- Support @22.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.04 to 37.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
AROC 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 AROC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AROC is up. |
| ChartMill Relative Strength | 87.76 | POSITIVE | AROC has a high relative strength, it outperformed 87.76% off all stocks 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) | 58.7 | NEUTRAL | The RSI value for AROC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AROC has a positive trend. |
| Stochastics (14,3) | 73.16 | NEUTRAL | The Stochastics value for AROC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for AROC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.34 | NEUTRAL | The ADX value for AROC suggests a possible start of a new trend. |
AROC Chart- and CandleStick Pattern Analysis
AROC Example Setup
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 |
|---|---|---|---|
| 37.06 | 35.54 | 1.52 (4.10%) | 24.38% |
| An entry @37.06. This is a Buy Stop order right above the resistance zone. | An exit @35.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.52 points, which is 4.10%. | For a 1.00% total portfolio risk, you can invest 24.38% of your capital in this trade. |
- 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.
AROC Technicals: Chart, Performance Metrics, Trend & Indicators
36.31
-0.03 (-0.08%)
ARCHROCK INC / AROC TA FAQ
What is the technical rating for AROC stock?
ChartMill assigns a technical rating of 10 / 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 ARCHROCK INC (AROC) stock?
ARCHROCK INC (AROC) has an RSI value of 58.7035. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARCHROCK INC?
The short term momentum for ARCHROCK INC (AROC) is positive.
What is the buy/sell signal for ARCHROCK INC (AROC) stock?
The buy/sell signal for ARCHROCK INC (AROC) is buy as both the short term and long term trends are positive.