Taking everything into account, AROW scores 7 out of 10 in our technical rating. Although AROW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AROW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
24.60
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.05 to 26.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.85 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @30.99 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 AROW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AROW is up. |
| ChartMill Relative Strength | 34.67 | NEUTRAL | AROW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AROW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AROW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AROW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.87 | NEUTRAL | The RSI value for AROW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AROW has a negative trend. |
| Stochastics (14,3) | 64.74 | NEUTRAL | The Stochastics value for AROW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for AROW suggests some volalility. |
| Average Directional Index/ADX (14) | 27.48 | POSITIVE | The high ADX value value for AROW suggests a strong 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 |
|---|---|---|---|
| 31.00 | 28.91 | 2.09 (6.74%) | 14.83% |
| An entry @31.00. This is a Buy Stop order right above the resistance zone. | An exit @28.91. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.09 points, which is 6.74%. | When investing 14.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
30.15
-0.34 (-1.12%)
ARROW FINANCIAL CORP / AROW FAQ
What is the ChartMill technical rating of ARROW FINANCIAL CORP (AROW) stock?
ChartMill assigns a technical rating of 7 / 10 to AROW.
What is the trend direction for AROW stock?
The current trend direction for ARROW FINANCIAL CORP (AROW) is Bullish.
Can you provide the RSI signal for ARROW FINANCIAL CORP?
ARROW FINANCIAL CORP (AROW) has an RSI value of 54.8713. This indicates that the stock is currently neutral.
What is the MACD signal for ARROW FINANCIAL CORP (AROW) stock?
The MACD indicator for ARROW FINANCIAL CORP (AROW) has a value of -0.0400206, indicating a bearish trend.
What is the support and resistance level for AROW stock?
ARROW FINANCIAL CORP (AROW) has a support level at 26.75 and a resistance level at 30.99. Check the full technical report for our detailed analysis of AROW support and resistance levels.