10.01 USD
+1.01 (+11.22%)
10.03 USD
+0.02 (+0.2%)
We assign a technical rating of 8 out of 10 to ARRY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARRY is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ARRY is one of the better performing stocks in the Electrical Equipment industry, it outperforms 71% of 91 stocks in the same industry.
ARRY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARRY is lagging the market slightly.
ARRY has an average volume of 6501150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ARRY is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month ARRY has a been trading in the 8.28 - 10.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ARRY has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.11
10.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.84 to 8.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.98 from a trend line in the weekly time frame.
- A support zone ranging from 7.18 to 7.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.08 to 10.30. 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 ARRY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARRY is neutral. |
| ChartMill Relative Strength | 86.49 | POSITIVE | ARRY has a high relative strength, it outperformed 86.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARRY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARRY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARRY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.56 | NEUTRAL | The RSI value for ARRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ARRY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.26 | NEUTRAL | The Stochastics value for ARRY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for ARRY suggests high volalility. |
| Average Directional Index/ADX (14) | 22.67 | NEUTRAL | The ADX value for ARRY 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)
10.01
+1.01 (+11.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg11.22%
1 Week10.85%
2 Weeks-2.15%
1 Month9.28%
3 Month14.4%
6 Month40.99%
12 Month40%
2 Year-24.4%
3 Year-54.97%
5 Year-75.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%5.95%
ATR Inc36.36%
Range Today1.13
ADR(20)0.58
ADR(20)%5.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.49
3 months CRS85.05
6 months CRS89.88
Mansfield2.32
10 Day High10.21
10 Day Low8.81
20 Day High10.47
20 Day Low8.28
52 Week High10.47
52 Week Low3.76
CS1 End8.99
CR1 Start10.08
Volume & EV
DER(3)1.78%
DER(5)0.94%
Volume8.63M
Volume Incr2.48%
Vol(5)5.80M
Vol(50)6.50M
ARRAY TECHNOLOGIES INC / ARRY FAQ
What is the ChartMill technical rating of ARRAY TECHNOLOGIES INC (ARRY) stock?
ChartMill assigns a technical rating of 8 / 10 to ARRY.
What is the current trend direction of ARRAY TECHNOLOGIES INC (ARRY) stock?
The current trend direction for ARRAY TECHNOLOGIES INC (ARRY) is Bullish.
Can you provide the RSI signal for ARRAY TECHNOLOGIES INC?
ARRAY TECHNOLOGIES INC (ARRY) has an RSI value of 59.5619. This indicates that the stock is currently neutral.
What is the short term momentum for ARRY stock?
The short term momentum for ARRAY TECHNOLOGIES INC (ARRY) is neutral.