Overall ARQ gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ARQ was also a bad performer in the overall market in the last year.
- 82% of all other stocks performed better in the past year than ARQ.
- ARQ is part of the Chemicals industry. There are 83 other stocks in this industry, of which 85% are performing better than ARQ.
- 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.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- 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.
Although the technical rating is bad, ARQ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.57, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
We found 1 important support area.
- A support zone ranging from 3.51 to 3.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.81 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 | UP | POSITIVE | The short term trend for ARQ is up. |
| ChartMill Relative Strength | 18.8 | NEGATIVE | ARQ has a low relative strength, it was outperformed by 81.2% 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) | 55.44 | NEUTRAL | The RSI value for ARQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ARQ has a positive trend. |
| Stochastics (14,3) | 60.96 | NEUTRAL | The Stochastics value for ARQ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ARQ suggests some volalility. |
| Average Directional Index/ADX (14) | 30.87 | POSITIVE | The high ADX value value for ARQ suggests a strong trend. |
3.8
-0.05 (-1.3%)
ARQ INC / ARQ FAQ
Can you provide the ChartMill technical rating for ARQ INC?
ChartMill assigns a technical rating of 3 / 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 55.4409. 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 positive.
What are the support and resistance levels for ARQ INC (ARQ) stock?
ARQ INC (ARQ) has a support level at 3.57 and a resistance level at 3.81. Check the full technical report for our detailed analysis of ARQ support and resistance levels.