Taking everything into account, ARQ scores 2 out of 10 in our technical rating. In the past year, ARQ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, ARQ is a bad performer in the overall market: 82% of all stocks are doing better.
- ARQ is one of the lesser performing stocks in the Chemicals industry. 85% of 83 stocks in the same industry do better.
- ARQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ARQ has a been trading in the 3.46 - 4.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.86. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ARQ in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
3.47
When analyzing the support we can see 2 important areas.
- Support @3.82 from a horizontal line in the daily time frame.
- A support zone ranging from 3.51 to 3.51. 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 3.86 to 3.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.86 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ARQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARQ is neutral. |
| ChartMill Relative Strength | 18.77 | NEGATIVE | ARQ has a low relative strength, it was outperformed by 81.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.67 | NEUTRAL | The RSI value for ARQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ARQ has a positive trend. |
| Stochastics (14,3) | 44.14 | NEUTRAL | The Stochastics value for ARQ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for ARQ suggests high volalility. |
| Average Directional Index/ADX (14) | 29.94 | POSITIVE | The high ADX value value for ARQ suggests a strong trend. |
3.85
+0.09 (+2.39%)
ARQ INC / ARQ FAQ
Can you provide the ChartMill technical rating for ARQ INC?
ChartMill assigns a technical rating of 2 / 10 to ARQ.
Can you provide the trend direction for ARQ INC?
The current trend direction for ARQ INC (ARQ) is Bearish.
What is the RSI signal for ARQ INC (ARQ) stock?
ARQ INC (ARQ) has an RSI value of 57.6653. This indicates that the stock is currently neutral.
What is the short term momentum for ARQ INC (ARQ) stock?
The short term momentum for ARQ INC (ARQ) is neutral.
What are the support and resistance levels for ARQ INC (ARQ) stock?
ARQ INC (ARQ) has a support level at 3.82 and a resistance level at 3.86. Check the full technical report for our detailed analysis of ARQ support and resistance levels.