ARCHROCK INC (AROC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AROC - US03957W1062 - Common Stock
Overall AROC gets a technical rating of 7 out of 10. In the last year, AROC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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.
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22.26
4 important support areas can be observed.
- A support zone ranging from 24.40 to 24.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.52 from a trend line in the weekly time frame.
- A support zone ranging from 23.04 to 23.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.48 to 22.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- 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 | 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 | 56.94 | 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) | 64.79 | NEUTRAL | The RSI value for AROC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests AROC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.67 | OVERBOUGHT | The high Stochastics value suggests AROC may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for AROC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.38 | NEGATIVE | The low ADX value for AROC suggests a weak or negative trend. |
26.11
-0.16 (-0.61%)
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 trend direction for AROC stock?
The current trend direction for ARCHROCK INC (AROC) is Bearish.
What is the RSI signal for AROC stock?
ARCHROCK INC (AROC) has an RSI value of 64.7899. 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 24.76 and a resistance level at 26.41. Check the full technical report for our detailed analysis of AROC support and resistance levels.