USA - NASDAQ:ARRY - US04271T1007 - Common Stock
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.
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.
5.95
We found 2 important support areas.
When analyzing the resistance we notice 2 important areas.
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. |
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%. |
7.67
-0.55 (-6.69%)