Overall AROW gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AROW is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- AROW is one of the better performing stocks in the Banks industry, it outperforms 78% of 383 stocks in the same industry.
- AROW 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.
- In the last month AROW has a been trading in the 30.76 - 33.50 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- When comparing the yearly performance of all stocks, we notice that AROW is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, AROW also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 32.24, a Stop Loss order could be placed below this zone.
More info and screens
24.84
We found 6 important support areas.
- A support zone ranging from 31.97 to 32.24. 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 30.88 to 31.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.23 to 27.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.70 from a horizontal line in the daily time frame.
- A support zone ranging from 26.16 to 26.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.09 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 32.68 to 33.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 82.78 | POSITIVE | AROW has a high relative strength, it outperformed 82.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AROW is above a declining 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) | 58.73 | NEUTRAL | The RSI value for AROW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AROW has a positive trend. |
| Stochastics (14,3) | 72.58 | NEUTRAL | The Stochastics value for AROW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for AROW suggests some volalility. |
| Average Directional Index/ADX (14) | 15.83 | NEGATIVE | The low ADX value for AROW suggests a weak or negative trend. |
32.67
-0.11 (-0.34%)
ARROW FINANCIAL CORP / AROW FAQ
What is the ChartMill technical rating of ARROW FINANCIAL CORP (AROW) stock?
ChartMill assigns a technical rating of 8 / 10 to AROW.
Can you provide the trend direction for ARROW FINANCIAL CORP?
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 58.7329. This indicates that the stock is currently neutral.
What is the MACD signal for AROW stock?
The MACD indicator for ARROW FINANCIAL CORP (AROW) has a value of 0.00465201, indicating a bearish trend.
Can you provide the support and resistance levels for ARROW FINANCIAL CORP?
ARROW FINANCIAL CORP (AROW) has a support level at 32.24 and a resistance level at 32.68. Check the full technical report for our detailed analysis of AROW support and resistance levels.