ARRAY TECHNOLOGIES INC (ARRY) Stock Technical Analysis
NASDAQ:ARRY - Nasdaq - US04271T1007 - Common Stock - Currency: USD
Taking everything into account, ARRY scores 3 out of 10 in our technical rating. ARRY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
78% of all other stocks performed better in the past year than ARRY.
In the last month ARRY has a been trading in the 5.91 - 8.19 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ARRY has an average volume of 7691180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ARRY is an average performer in the Electrical Equipment industry, it outperforms 46% of 94 stocks in the same industry.
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.
The technical rating of ARRY is bad and it also does not present a quality setup 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
6.17
7.87
We found 1 important support area.
- A support zone ranging from 6.23 to 6.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @7.79 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ARRY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARRY is neutral. |
| ChartMill Relative Strength | 22.63 | NEGATIVE | ARRY has a low relative strength, it was outperformed by 77.37% 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 | MIXED | The current price of ARRY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARRY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.9 | NEUTRAL | The RSI value for ARRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ARRY has a negative trend. |
| Stochastics (14,3) | 29.47 | NEUTRAL | The Stochastics value for ARRY is a neutral value. |
| Average True Range in percent/ATR (20) | 9.11 | HIGH VOLATILITY | The high ATR as a percentage value for ARRY suggests high volalility. |
| Average Directional Index/ADX (14) | 19.51 | 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)
6.24
-0.13 (-2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.04%
1 Week-16.02%
2 Weeks-19.17%
1 Month-10.86%
3 Month22.83%
6 Month3.48%
12 Month-39.18%
2 Year-72.39%
3 Year-43.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%9.11%
ATR Inc46.35%
Range Today0.25
ADR(20)0.53
ADR(20)%8.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.63
Mansfield-1.27
10 Day High8.19
10 Day Low5.91
20 Day High8.19
20 Day Low5.91
52 Week High12.06
52 Week Low3.76
CS1 End6.23
CR1 Start7.79
Volume & EV
DER(3)1.53%
DER(5)0.98%
Volume28.54M
Volume Incr173.98%
Vol(5)15.51M
Vol(50)7.69M