ARROW FINANCIAL CORP (AROW) Stock Technical Analysis
NASDAQ:AROW - Nasdaq - US0427441029 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to AROW. Although AROW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AROW is part of the Banks industry. There are 394 other stocks in this industry, of which 76% are performing better than AROW.
The long and short term trends are both positive. This is looking good!
AROW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, AROW outperforms 46% of them, which is more or less in line with the market.
AROW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AROW is lagging the market.
AROW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.79. Right above this resistance zone may be a good entry point.
More info and screens
23.48
28.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.18 to 26.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.37 to 25.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.40 to 24.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.72 to 23.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.79 to 28.02. 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 | 46.82 | 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) | DOWN | MIXED | The current price of AROW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.73 | NEUTRAL | The RSI value for AROW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AROW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.34 | NEUTRAL | The Stochastics value for AROW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for AROW suggests some volalility. |
| Average Directional Index/ADX (14) | 20.13 | NEUTRAL | The ADX value for AROW suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 28.03 | 26.21 | 1.83 (6.51%) | 15.36% |
| An entry @28.03. This is a Buy Stop order right above the resistance zone. | An exit @26.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.83 points, which is 6.51%. | When investing 15.36% 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.
27.62
+0.55 (+2.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.03%
1 Week0.88%
2 Weeks3.31%
1 Month5.62%
3 Month16.29%
6 Month0.84%
12 Month-5.77%
2 Year41.39%
3 Year-12.66%
5 Year7.33%
10 Year6.4%
15 Year16.19%
Volatility
ATR(14)0.72
ATR(20)%2.56%
ATR Inc-12.13%
Range Today0.68
ADR(20)0.67
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.82
Mansfield-0.82
10 Day High28.19
10 Day Low26.22
20 Day High28.19
20 Day Low24.57
52 Week High34.63
52 Week Low22.72
CS1 End26.54
CR1 Start27.79
Volume & EV
DER(3)1.92%
DER(5)0.28%
Volume35.20K
Volume Incr-39.34%
Vol(5)29.58K
Vol(50)44.04K