Arqule (ARQL) Stock Technical Analysis
NASDAQ:ARQL - Nasdaq -
Taking everything into account, ARQL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ARQL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ARQL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 20.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.00, a Stop Loss order could be placed below this zone.
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19.77
When analyzing the support we notice one important area.
- A support zone ranging from 19.97 to 20.00. 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 one important area.
- A resistance zone ranging from 20.06 to 20.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 ARQL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARQL is up. |
| ChartMill Relative Strength | 99.67 | POSITIVE | ARQL has a high relative strength, it outperformed 99.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARQL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARQL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARQL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.42 | OVERBOUGHT | The high RSI value suggests ARQL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests ARQL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.66 | NEUTRAL | The Stochastics value for ARQL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for ARQL suggests low volalility. |
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 |
|---|---|---|---|
| 20.06 | 19.96 | 0.10 (0.50%) | 25.00% |
| An entry @20.06. This is a Buy Stop order right above the 10 day high. | An exit @19.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 0.50%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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