ARCHROCK INC (AROC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AROC - US03957W1062 - Common Stock
We assign a technical rating of 7 out of 10 to AROC. Although AROC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, AROC is a bad performer in the overall market: 68% of all stocks are doing better.
- AROC is one of the lesser performing stocks in the Energy Equipment & Services industry. 73% of 62 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- AROC has an average volume of 1585880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- In the last month AROC has a been trading in the 25.09 - 27.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AROC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 26.41, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
22.42
5 important support areas can be observed.
- A support zone ranging from 26.41 to 26.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.09 to 25.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.87 from a trend line in the weekly time frame.
- A support zone ranging from 23.04 to 23.41. 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 | 32.43 | 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) | DOWN | MIXED | The current price of AROC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.78 | NEUTRAL | The RSI value for AROC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AROC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.58 | NEUTRAL | The Stochastics value for AROC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for AROC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.58 | 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 |
|---|---|---|---|
| 27.39 | 26.40 | 0.99 (3.61%) | 25.00% |
| An entry @27.39. This is a Buy Stop order right above the 10 day high. | An exit @26.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.99 points, which is 3.61%. | For a 0.90% total portfolio risk, you can invest 25.00% 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.
26.47
+0.29 (+1.11%)
ARCHROCK INC / AROC FAQ
What is the technical rating for AROC stock?
ChartMill assigns a technical rating of 7 / 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 58.7823. This indicates that the stock is currently neutral.
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 26.41. Check the full technical report for our detailed analysis of AROC support and resistance levels.