ARRAY TECHNOLOGIES INC (ARRY) Stock Technical Analysis
USA - NASDAQ:ARRY - US04271T1007 - Common Stock
7.67 USD
-0.55 (-6.69%)
7.7 USD
+0.03 (+0.39%)
Overall ARRY gets a technical rating of 6 out of 10. In the last year, ARRY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month ARRY has a been trading in the 7.34 - 9.99 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ARRY has an average volume of 7639190 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 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ARRY is part of the Electrical Equipment industry. There are 92 other stocks in this industry, ARRY did better than 45% of them.
ARRY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARRY is lagging the market.
Although the technical rating is only medium, ARRY does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 7.66, a Stop Loss order could be placed below this zone.
More info and screens
5.95
8.76
We found 2 important support areas.
- A support zone ranging from 7.54 to 7.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.01 to 6.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.23 from a horizontal line in the daily time frame.
- Resistance @8.67 from a trend 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 | 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 | 76.86 | POSITIVE | ARRY has a high relative strength, it outperformed 76.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARRY is below a declining 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) | 45.18 | NEUTRAL | The RSI value for ARRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ARRY has a negative trend. |
| Stochastics (14,3) | 31.08 | NEUTRAL | The Stochastics value for ARRY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for ARRY suggests high volalility. |
| Average Directional Index/ADX (14) | 17.7 | NEGATIVE | The low ADX value for ARRY suggests a weak or negative 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 |
|---|---|---|---|
| 8.24 | 7.53 | 0.71 (8.62%) | 11.61% |
| An entry @8.24. This is a Buy Stop order right above the resistance zone. | An exit @7.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.71 points, which is 8.62%. | When investing 11.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARRY. Please evaluate whether better entry and exit points can be found.
- 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.
7.67
-0.55 (-6.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-6.69%
1 Week-0.78%
2 Weeks-3.16%
1 Month-17.7%
3 Month19.1%
6 Month50.98%
12 Month13.97%
2 Year-65.43%
3 Year-53.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%7.06%
ATR Inc6.23%
Range Today0.83
ADR(20)0.54
ADR(20)%7.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.86
Mansfield0.47
10 Day High8.45
10 Day Low7.34
20 Day High9.99
20 Day Low7.34
52 Week High9.99
52 Week Low3.76
CS1 End7.66
CR1 Start8.23
Volume & EV
DER(3)-0.12%
DER(5)2.9%
Volume7.10M
Volume Incr-14.6%
Vol(5)6.73M
Vol(50)7.64M